0 money that is paid regularly by the government or a private company to a person who has stopped working because they are old or sick -- emerytura, renta
As a result, interested parties can estimate the present value of the pension benefits.
Perhaps a clearer way to assess the impact of a pension reform could use ' ' typical ' ' career earnings paths, holding constant overall contributions.
Indeed, a higher part of their gross income is now deducted for pension systems.
She also had strived to retire on a sufficient pension.
Thus, the pension associated with the employee's 10 years of service will be $12,000 annually payable at 65, not $6,000.
The article suggests a way in which a more transparent system could guarantee a total state pension at a fixed percentage of average earnings.
Its generous pension programme contrasts with a virtual absence of state interest in health or care provision for elders.
Apparently, these types of pension funds are able to manage their investment more efficiently than the other categories : industry funds have lower costs.
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