Retirement age will change again: 12-6-2020. Old-age pension before the age of sixty – what is the minimum old-age pension?

It’s time for the presidential bill to go to the Sejm. What are the chances of this? The premise of the presidential project is simple: you’ve worked 35 years, you’ve worked 40 years – you retire whenever you want, regardless of age. It is important that you have been compulsory for so many years – or have voluntarily paid your pension premium to ZUS. The last premium has been received, you have reached 35 or 40 years of service, you can apply for a pension. If this scheme came into effect before March 1, 2021, the lowest old-age pension would most likely be PLN 1,560.

We are still waiting for the president to turn his promise into a bill that will go to the Sejm and be passed quickly. As time went on and the draft ran out, a ready-made social draft of the Old Age Pensions Act was drawn up and sent to the president along with a petition on the matter. Everyone is waiting for President Andrzej Duda to submit it as his project to the Sejm.

Switching to the so-called internship pension would be a privilege, that is, it would be voluntary. Because the amount of the old-age pension still depends on the accrued capital, anyone who wants a higher pension should not only look at his age, but also at the accrued capital from contributions, on the basis of which ZUS will calculate the amount of his monthly pension. . Each additional working month, 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 accrued money by a smaller number of months of the hypothetical age of a man or woman as a result of current mortality tables.

The government has just been rebuilt. The amended composition of the Council of Ministers will work on next year’s budget, among other things, and one of the matters of interest to ordinary people and depending on the form of the budget is the pension scheme, including the definitive liquidation of outstanding pension funds, indexation of pensions and of course any other changes to the pension system, and the like. possibly there will be the establishment of work-related pensions.

This solution is currently being considered as a supplement to the current pension system. At this point, as is known, to retire – not counting uniformed services, for example – you must be at least 60 years old for a woman and 65 for a man.

Currently, seniority in the case of first-time workers is closer to 50 than just 40.

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The initiator is President Andrzej Duda, who is supported by the trade union “Solidarność”, but to which he adds his own condition: the capital built up in the pensioner’s account must allow for a retirement benefit of at least 120 percent. the lowest pension currently in force.

Minimum seniority pension: 120 percent of the lowest old-age pension

This is due to the fear that the money raised from the pension contributions of people who retire before the age of 60 will be small and the pension will consequently be a penny.
ZUS’s low pensions are the main reason why solutions are still being sought that would form a new pension law and improve the financial situation, especially for people with the lowest pensions. Meanwhile, the state of public finances does not permit an increase in subsidies for pensions from the state budget. COVID questions the payment of the already promised and enrolled nearly thirteenth pensions and fourteenth pensions – the law, but it is not known if there will be enough money in the budget next year to fund such social programs and their suspension is increasing considered.

Pensions in 2021: many unknowns

In addition, not the only unknown – work on the liquidation of outstanding pension funds has not yet been completed, the money of which, according to the law originally passed by the Sejm, would be transferred to private retirement accounts as early as June this year.

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It is known how much the indexation of the pensions will be from March 2021: the rate of 3.84 percent. it is included in the government’s draft budget law. Were it not for inflation at the level of 3-4 percent. It would look good, but in practice, many important prices are rising in the retiree’s portfolio, such as energy, garbage collection and other housing-related benefits, not to mention drugs – they are rising much higher than inflation and planned indexation rates.

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

Old-age pensions in 2021 – minimum PLN 1,560

Coming back to the new project of old age pensions, if they were in effect today, the lowest old age pension for a woman who has worked for 35 years would now be PLN 1440, as for a man who has worked for 40 years, regardless of their age.

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On the other hand, if the lowest old-age pension were to be increased from March 1, 2021 to PLN 1,300, the lowest old-age pension would be PLN 1,560 (after fulfilling the condition of 35 years of service for women and 40 years for men).

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