14.06.2021

THE NSSI ELECTRONIC SERVICE FOR CALCULATING THE ESTIMATED AMOUNT OF THE PENSION HAS BEEN UPDATED

An updated version of the electronic service "Calculation of the forecast pension" is active on the Internet page of the National Insurance. The updated methodology for calculating the individual coefficient for pensions granted with a starting date after 31.12.2018 has also been published.

The new versions of the e-service and the methodology reflect the changes in the Social Security Code, adopted at the end of 20202, and in the Ordinance on pensions and length of service, promulgated in May this year, which defines a new way to calculate the reduction of individual coefficient of the persons who were born after 31.12.1959 and are insured in a universal pension fund.

The changes will take effect on September 1, 2021, and future retirees can now check the approximate effect of their application on the basis of the forecast.

The individual coefficient is one of the elements on the basis of which the dimensions of the pensions related to labor activity are determined. Its reduction reflects the fact that persons born after 1959 are insured for a state pension with a lower amount of the insurance contribution for the "old age" risk, as part of it goes to a universal pension fund in order to receive a second supplementary pension. It is strictly individual and the correction depends directly on the insurance history of the person and his specific periods of insurance.

The new method for calculating the reduction of the individual coefficient, which will come into force from the beginning of September 2021, takes into account:

1) the transfer from the state budget in the amount of 12 per cent on the sum of the insurance incomes of all insured persons for the period from 2009 to 2015, incl. - when determining the amount of the contribution for the "Pension" fund of the state social insurance for the third category of labor, for persons, born on January 1, 1960;

2) the number of months during which the person is insured in a universal pension fund, compared to the total length of his insurance period, defined as the number of months with insurance in the state social insurance, as the months with insurance in a universal pension fund and in the state social insurance are calendar months, for which insurance contributions have been paid or are due.

The changes are aimed at achieving a small reduction in the size of the individual coefficient and, accordingly, a higher size of the pension.