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Is it possible in Poland to start working only at the age of 40 and receive a pension no less than the minimum pension amount in Poland?
Question: Is it possible in Poland to start working at the age of 40 and receive a pension not lower than the minimum pension? Answer: Of course, it is possible in Poland to start working only at the age of the famous TV series "40 years have passed". Don't believe it? You will believe it soon, because it's not a matter of belief, but knowledge. Here it is: In the Polish pension system, the Social Insurance Institution (ZUS) legally grants and pays at least the minimum pension in the amount of 1588.44 PLN gross to anyone who meets just two conditions. 1. They prove that they have the appropriate length of employment, including both contributory and non-contributory periods, which is 20 years for women and 25 years for men. 2. They reach the universal retirement age of 60 for women and 65 for men. This means that both men and women under the age of 40 do not have to work to be entitled to a pension of at least the minimum amount. It is enough for them to start working preferably one day before they turn 40 and complete the required length of employment. Women need to work for 20 years and men for 25 years. Note: If, however, we do not meet the minimum length of employment requirement, ZUS will still pay us a pension. However, its amount will depend on the sum of our accumulated and valorized pension contributions divided by the estimated number of remaining months of life. Only in such a case will ZUS not be obligated to pay us the minimum pension. The so-called "penny pensions" are often mentioned in the media. For example, recently there was news about the musician Marek Piekarczyk, who receives a monthly pension from ZUS in the amount of only 8 PLN gross. However, this musician cannot count on a pension of at least the minimum amount, as he has not proven 25 years of contributory and non-contributory periods. On the other hand, any man who starts his professional activity on the day before his 40th birthday and continues it until his 65th birthday will definitely receive such a pension, if not higher, after that. Everything will depend on the sum of his accumulated and valorized pension contributions divided by the number of remaining months of life. Interestingly, if it turned out that the calculated amount of the pension would be lower than the minimum pension, he would still receive a bonus in the form of a gross pension benefit in the amount of the minimum pension.
Question: Is it possible in Poland to start working at the age of 40 and receive a pension not lower than the minimum pension? Answer: Of course, it is possible in Poland to start working only at the age of the famous TV series "40 years have passed". Don't believe it? You will believe it soon, because it's not a matter of belief, but knowledge. Here it is: In the Polish pension system, the Social Insurance Institution (ZUS) legally grants and pays at least the minimum pension in the amount of 1588.44 PLN gross to anyone who meets just two conditions. 1. They prove that they have the appropriate length of employment, including both contributory and non-contributory periods, which is 20 years for women and 25 years for men. 2. They reach the universal retirement age of 60 for women and 65 for men. This means that both men and women under the age of 40 do not have to work to be entitled to a pension of at least the minimum amount. It is enough for them to start working preferably one day before they turn 40 and complete the required length of employment. Women need to work for 20 years and men for 25 years. Note: If, however, we do not meet the minimum length of employment requirement, ZUS will still pay us a pension. However, its amount will depend on the sum of our accumulated and valorized pension contributions divided by the estimated number of remaining months of life. Only in such a case will ZUS not be obligated to pay us the minimum pension. The so-called "penny pensions" are often mentioned in the media. For example, recently there was news about the musician Marek Piekarczyk, who receives a monthly pension from ZUS in the amount of only 8 PLN gross. However, this musician cannot count on a pension of at least the minimum amount, as he has not proven 25 years of contributory and non-contributory periods. On the other hand, any man who starts his professional activity on the day before his 40th birthday and continues it until his 65th birthday will definitely receive such a pension, if not higher, after that. Everything will depend on the sum of his accumulated and valorized pension contributions divided by the number of remaining months of life. Interestingly, if it turned out that the calculated amount of the pension would be lower than the minimum pension, he would still receive a bonus in the form of a gross pension benefit in the amount of the minimum pension.
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It is possible, but why wait until you are 40 years old? If a minimum of 20 years of work is required, it is better to work when you are young and fit, and besides, regulations may change.
It is possible, but why wait until you are 40 years old? If a minimum of 20 years of work is required, it is better to work when you are young and fit, and besides, regulations may change.
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- And if one already receives the minimum pension, then the so-called 13th and 14th are additional.
- And if one already receives the minimum pension, then the so-called 13th and 14th are additional.
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Taking into consideration that in Poland we have so-called "penny pensions", basically it is enough for at least one contribution to be paid into the Social Insurance Fund and one has a pension. So, one can state, although it may sound absurd, that in Poland we already have a pension for one contribution.
Taking into consideration that in Poland we have so-called "penny pensions", basically it is enough for at least one contribution to be paid into the Social Insurance Fund and one has a pension. So, one can state, although it may sound absurd, that in Poland we already have a pension for one contribution.
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