23.04. 2015, 9:16; Update: 4/23/2015, 9:26
New rules for application of the tables in life expectancy will be concerned mainly people born after 31 December 1948. Source: ShutterStock
Those passing the new retirement will not be lost in lengthening life expectancy. Even if you decide to extend economic activity, social security and so apply a more favorable life table of the retirement age.
The pension calculated under the new rules are persons born after 31 December 1948., as well as those of born before 1949. who applied for the benefit appeared after 2008. and continue insurance after reaching the statutory retirement age.
determining the amount of the new pension, Social Security shall base its calculation dividing by the average life expectancy age appropriate for the applicant to pass this benefit.
The basis for calculating the pension is the sum of the indexed initial capital (playback insurance history to the end of 1998.), pension contributions zewidencjonowanych from 1 January 1999. on individual account with ZUS, in the case of persons who are members of pension fund – also means zewidencjonowanych on the sub. The latter does not take into account if the person applying for the provision meets the conditions to obtain the periodic funded pension or has requested to transfer funds accumulated in the funds on the state budget revenues in order to obtain early retirement. It is worth noting that the state of the account and sub-account shall be subject to adjustment under the terms of the applicable regulations. [Example 1]
As with the above, the new pension calculation formula, the amount of the benefit depends primarily on the status of your account and sub-account ZUS. No less important, however, is also the age at which it is going to retire. From this age (measured in years and months) depends the value of life expectancy, which is included in the formula for calculating it. As a rule, the later the insured retires, the lower the value of the average life expectancy at ZUS will take into account the calculation. Thus, it can count on a higher amount of benefit.
Average life expectancy is determined based on the table as published annually by the President of the CSO in the Official Gazette Polish Monitor. Announced in a given year, the array is used to calculate pensions for people who requests the grant of report from April 1 of the calendar year to 31 March of the following calendar year. Is foreseen is currently one exception. In the event that prior to April 1 of that year, the pension reported a person who has reached retirement age after 31 March this year, ZUS average life expectancy based on the tables in force since 1 April. [Examples 2 and 3]
Analyzing the value of life expectancy, announcements for the different age groups, in the following tables is easy to see that from year to year, they are gradually increased. In the table below we present how varied the average life expectancy in the tables published since 2009., So since I began to calculate Social Security pension under the new rules. For example, we took into account the life expectancy for a full year from the age of 60 to the age of 67 years.
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