Pension or fraud

Imagine that your entire working life working honestly and pay taxes and to Social Insurance (in Slovakia). You have a gross wage 1110 Euros, you pay social insurance (you and your employer) monthly € 333 during 42 years and your retirement is 522 Eur during 17 years.

Calculate how much money you have overpay, how much more you put into the pension system minus what you get back.


Result

x =  61344 Eur

Solution:

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