Home » Business » New pensions also before reaching age. It will be the length of service that will decide, not the age. Who will get PLN 1,560 of the minimum pension [29.10.2020]

New pensions also before reaching age. It will be the length of service that will decide, not the age. Who will get PLN 1,560 of the minimum pension [29.10.2020]

It is time for the presidential bill to go to the Sejm. What are the chances of that? The assumption of the presidential project is simple: you have worked 35 years, you have worked 40 years – you retire whenever you want, regardless of age. It is important that for so many years you have been compulsorily – or have voluntarily paid your pension contribution to ZUS. The last contribution has been received, you have reached 35 or 40 years of service, you can apply for a pension. If this regulation came into force before March 1, 2021, the lowest retirement pension would most probably amount to PLN 1,560.

Switching to the so-called an internship pension would be a privilege, ie it would be voluntary. Since the amount of the old-age pension still depends on the accumulated capital, everyone who wants to have a higher pension should look not only at their age, but also the capital accumulated from contributions, on the basis of which ZUS will calculate the amount of their monthly pension. Each additional month of work, not to mention years, is a higher pension – not only because the employee’s retirement account will receive additional contributions, but also because when calculating the amount of the pension, ZUS will divide the accumulated money by a smaller number of months of the hypothetical age of a man or woman resulting from from current mortality tables.

The government has just been reconstructed. The changed composition of the Council of Ministers will, inter alia, work on the next year’s budget, and one of the issues important for ordinary people and dependent on the shape of the budget are pension regulations, including the final liquidation of OFE, valorization of pensions and, of course, any other changes to the pension system, such as the introduction of the institution of retirement pensions.

Such a solution is currently being considered as a complement to the current pension system. Currently, as we know, to retire – apart from, for example, uniformed services – you must be at least 60 years old for a woman, 65 for a man.

Currently, in the case of early-stage workers, the length of service is closer to fifty years than it is only forty years.

The originator is President Andrzej Duda, who is supported by the trade union “Solidarity”, but adding his own condition – the capital accumulated on the retirement pensioner’s account must allow for the payment of the pension in the amount of at least 120 percent. the lowest pension currently in force.

Minimum seniority pension: 120 percent of the lowest retirement pension

This is due to the fear that the money collected from the pension contributions of people retiring before the age of 60 will be small and, consequently, the pension will be a penny.
Low pensions from ZUS are the main reason why solutions are still being sought that would constitute a new pension law and improve the financial situation, especially of people receiving the lowest pensions. Meanwhile, the condition of public finances does not allow for an increase in subsidies to pensions from the state budget. COVID calls into question the payment of the already promised and enrolled in almost thirteenth pensions and fourteenth pensions – the law, but it is not known whether there will be enough money in the budget next year to finance such social programs and their suspension is increasingly being considered.

Pensions in 2021: a lot of unknowns

Besides, not the only unknown – the work on the liquidation of OFE has not been completed yet, the money from which, according to the law originally adopted by the Sejm, was to be transferred to private individual pension accounts already in June this year.

READ TODAY. Click and read!

It is also not known whether it will be possible to find money to increase the minimum pensions above the indexation index, as was the case in recent years. Currently, the lowest pension is PLN 1,200. G.If, as promised, it was possible to raise it by another PLN 100 from March 1, it would be PLN 1,300.

Retirement pensions in 2021 – at least PLN 1,560

Coming back to the new project of seniority pensions, if they were in force today, the lowest retirement pension for a woman who worked 35 years would now be PLN 1,440, as for a man who worked 40 years, regardless of their age.
On the other hand, if the lowest retirement pension was increased to PLN 1,300 from 1 March 2021, the lowest retirement benefits would be PLN 1,560 (after meeting the condition of 35 years of service for women and 40 years for men).

Video

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.