irement is a topic that concerns many people as they grow older. But how exactly is your retirement salary calculated? 🤔 Let's break it down into simple steps!
First, the basic pension is calculated based on your average monthly salary during the last 5 years of work. 📊 This means the more you earn, the higher your base pension will be. However, there’s a cap—your salary can’t exceed three times the local average wage.
Next comes the years of contribution. The longer you’ve been paying into the pension system, the better! 💪 Typically, at least 15 years of contributions are required to receive a pension. For each additional year, your pension increases slightly.
Lastly, regional factors play a role. Different provinces may have their own adjustment methods and standards. 🌍 So while the formula is standard, the final amount can vary.
пенсиopayers should keep an eye on their contributions and update personal information regularly. 😊 This ensures you get the retirement benefits you’ve earned!