The ceiling for the maximum pension in Russia can reach up to 76.5 thousand rubles under specific conditions. In a discussion on this topic, the platform Lentoy.ru referenced Dinara Vasbieva, who holds the degree of Candidate of Economic Sciences and serves as Associate Professor at the Financial University under the Government of the Russian Federation, as the source of this information.
Vasieva notes that there are several viable paths to achieving a higher pension. The first option is to continue working after retirement and accumulate additional private pension coefficients known as BPM. This approach can help maintain the pension amount at a level comparable to that of a non-working retiree, with the important caveat that annual indexation does not apply. While the pension value may stay steady, the accumulation of experience and pension points continues, contributing to a more favorable overall future benefit.
The second route is accessible to specific groups such as individual entrepreneurs, self-employed individuals, notaries, lawyers residing abroad, and the unemployed. These individuals can acquire retirement points by making extra contributions to the Russian Pension Fund, thereby enhancing their future pension prospects, Vasieva explained.
A further option involves contributing to a non-state pension fund, or NPF, to build up the funded portion of the pension. By diversifying investments across various financial instruments, an NPF can generate income and contribute to the growth of the eventual pension, according to the expert.
Vasieva also highlights the possibility of self-saving for retirement by constructing a personal bond portfolio. In practice, the highest pensions observed can reach around 150 thousand rubles, with regional adjustments applied in the Far North to reflect the regional coefficient and living conditions.
Historically, the Russian pension landscape has included periods when a segment of households experienced financial vulnerability, and policymakers have considered reforms to address these disparities. In recent discussions in the State Duma, questions have been raised about how self-employed individuals can enhance their future pension outcomes and what measures could be most effective in expanding pension coverage and ensuring more stable retirement income for diverse segments of the population. These conversations reflect ongoing concerns about pension adequacy, individual responsibility, and the role of private and non-state instruments in shaping long-term retirement security. [citation: Lentoy.ru; Dinara Vasbieva, Associate Professor of Economic Sciences, Financial University under the Government of the Russian Federation]