The Social Protection Fund for the Population explained how self-employed citizens can secure their old-age pension

How can self-employed individuals secure their old-age pension?

According to current legislation, pensionable service is accrued upon payment of mandatory insurance contributions to the Social Protection Fund (FPBP).

In accordance with the pension legislation of the Republic of Belarus, the required insurance period with mandatory insurance contributions to the fund's budget is being gradually increased until 2025 (2022 – 18.5 years, 2023 – 19 years, 2024 – 19.5 years, 2025 – 20 years).

Employed individuals are protected regarding their pension future. According to the law, mandatory insurance contributions for employed individuals are calculated, withheld, and transferred to the fund's budget by their employers.

Citizens who independently carry out activities not related to entrepreneurial activities (the full list is contained in Article 1 of the Civil Code of the Republic of Belarus) and are not notaries or lawyers (hereinafter referred to as self-employed individuals) are granted the right to voluntarily participate in securing their pension future.

To form their pension future, a self-employed individual must:

 

• Register with the bodies of the Social Protection Fund of the Ministry of Labor and Social Protection (hereinafter referred to as the Fund bodies) at their place of residence (submit an application and present an identity document and a copy of the receipt for payment of the single tax (or other document confirming the conduct of activities not related to entrepreneurial activities));
• annually pay mandatory insurance contributions no later than March 1 of the year following the reporting year (for 2022 - no later than 01.03.2023);
• annually, no later than March 31 of the year following the reporting year, submit a personalized accounting document to the Fund's body.

After a self-employed person is registered with the Fund's bodies, they are issued a state social security certificate and an individual personal account (ILS) is opened, on which information is accumulated, used for pension assignment.

More detailed information can be obtained at the district departments (sectors) of the Fund at the place of residence or through social networks (official account name (group, page, channel) – "FSZN: officially, simply and accessibly": www.instagram.com, www.vk.com, www.ok.ru, www.tlgrm.ru, www.facebook.com.