More expensive acquisition of fictitious years – due to the increase in minimum wage (graph)

The minimum cost of redemption for fictional years is increased due to the rise of the minimum wage from April 1.

The change is mainly concerned with employees, as for freelancers every month of redemption costs as much as the monthly levy for the pension industry.

For those who are paid low wages or part -time employment, the increase translates to a charge of around 10 euros per month of recognition, ie 120 euros per year and € 480 for a three -year acquisition.

The acquisition of fictional years is the key to the establishment of a pension right and to reduce the age limit, up to 7 years earlier.

Six of ten insured persons make use of these provisions, while concerning both old and new insured persons in public, IKA, OAEE, EBRD and Special Funds.

In particular, insured persons before 1993 benefit double, as they can qualify for better conditions and retire before 62 or 67 years. The younger (after 1993) take advantage of fictional years to complete 40 years and leave 62, with increased pension.

For employees and civil servants, the cost of redemption is 20% of the salary in the month of the application or average salary of the last 12 months. If there is no fixed employment, it is applied 20% to the minimum wage. For unemployed or partially employed, the same basis applies.

Freelancers and farmers pay whatever their monthly contribution to the pension industry. In addition, they can redeem up to 5 years from activity time before registering in the Funds, to complete 35 years to 2010.

IKA – Special Funds (DEKO – Banks):

They are recognized up to 4 years for the foundation in 2011, 5 for 2012 and until 7 from 2013 onwards. Franco -time sources: military service, studies, child time, unemployment, illness and insurance gaps. By 2010, 400 days are recognized by unemployment/illness and military service. If the required time required (eg 5,500 days for mothers with a minor or 35 years), insured persons are pensioned even before 62. IKA mothers are not allowed to be redeemed by children if they are founded by a minor.

The 25 years to 2012 determines the right and age limit. For foundation until 31/12/2010, as many fictitious years are recognized for 25 years. As of 1/1/2011, fictional is also valid for completing 36, 37 or 40 years. Recognized up to 4 years in 2011, 5 in 2012 and 7 from 2013 onwards. In addition, up to 5 years for parents with 1-3 children. Therefore, the maximum recognizable time is 9 years for 2011, 10 for 2012 and 12 from 2013.

OAEE – EBRD (freelancers):

With a acquisition of up to 4 years (2011), 5 years (2012) and 7 years (from 2013) they can complement 35 years and retire at 62, without required 40 years. If 35 years are not completed, they are driven to 67. The time of activity before enrollment in the Funds is taken into account in fictional after 2011.