What does the pension of individuals engaged in entrepreneurial activity depend on, and how to increase it!

The Vitebsk Regional Department of the Social Protection Fund of the Ministry of Labor and Social Protection of the Republic of Belarus hereby informs.

 

Timely and full payment of mandatory insurance contributions to the Fund's budget is not just a legal obligation, it is the foundation of your social security today and a guarantee for tomorrow.

The right to an old-age pension depends on the insurance record (in 2025, it will be 20 years). Only those months for which mandatory insurance contributions have been paid to the Fund's budget are included in the insurance record.

The amount of the pension is influenced by both the length of the insurance record and the amount of income from which contributions are paid to the Fund's budget. For example, if individuals engaged in entrepreneurial activities have paid contributions for at least 20 years (minimum insurance record) from an income not exceeding the minimum wage, they will only be entitled to the minimum old-age labor pension.

It is extremely important to plan your pension future today!

You can increase the amount of your future pension by paying mandatory insurance contributions to the Social Protection Fund from income exceeding the minimum wage.

That is, the higher the income declared in the PU-3 forms (annual reporting form to the Social Protection Fund), the higher the amount of contributions paid, which directly affects the amount of future pension.

In addition, the amount of temporary disability and maternity benefits is calculated based on your average earnings for a certain period, which, in turn, is based on the amount of contributions paid.

Do not limit yourself to the minimum –

invest in your social security!