This year’s record indexation has resulted in an increase in the number of high benefit recipients, especially those over 7,000. zloty. Are pensioners getting richer? Unfortunately, this cannot be said. There were also people with penny pensions. The division into wealthy pensioners is deepening, who, as long as their health allows, can afford a comfortable life, and the poverty of pensioners.
ZUS submitted a report on the amount of benefits after indexation in March 2023. In the introduction, it was written that due to rising inflation this year, it was the highest in history. “Since March, pensioners and pensioners have received 14.8% more payments. And the lowest old-age pension, disability pension, survivor’s pension and social pension increased to PLN 1,588.44 (from PLN 1,338.44).
Indexation of pensions completed
On June 7, ZUS announced the completion of the annual indexation process: pension contributions, initial capital and sub-account funds.
– These figures are translated into the size of the future pension. For indexation of contributions recorded on the account and sub-account of those insured in ZUS as of January 31, 2022, we adopted two coefficients: 114.40 percent. for pension contributions to the account and 109.20 percent. for the funds on the sub-account, - said the president of ZUS, prof. Gertrude Ushinska.
Thus, the capital in the accounts of the insured in ZUS increased by more than PLN 450 billion. For comparison, last year it was almost PLN 281 billion.
Annual indexation data will be available in the coming days on the ZUS Electronic Services Platform (ESP). They will also be included in the information on the insured’s account balance as of December 31, 2022, which ZUS prepares every year.
Growing number of people receiving high benefits
Every person born after 1948 who has been covered by the general social security system for a short period of time and at least one contribution has been credited to his ZUS account will receive information about the status of the insured person’s ZUS account.
Thanks to indexation, in particular, the number of people receiving pensions over PLN 7,000 has increased. zloty. In March 2022, it amounted to 108,000, and a year later - 258,800 (an increase of 139.6%), notes Rzeczpospolita.
The maximum allowance currently paid by ZUS is PLN 43,412 gross.. It is given to a man who retired at the age of 86 after 62 years of service. Valorization increased his allowance by PLN 5,500. złoty per month.
How to increase your pension?
How to increase your pension? We write about methods here. The most prosaic, but effective, is to extend professional activity. Postponing, even a year, the decision to retire and stay in the labor market longer could result in our future benefits being 10% or even 15% higher. Here again, compound interest is at work, which means that if we postpone this decision for 5, 6 or 7 years, it may turn out that our pension will even double. In addition to compound interest, this is also the result of additional contributions paid, appropriate indexation, and fewer life months taken by ZUS to calculate our benefit amount.
Source: Wprost
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