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 900 Euros, you pay social insurance (you and your employer) monthly € 288 during 41 years and your retirement is 405 Eur during 25 years.

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

Correct answer:

x =  20196 Eur

Step-by-step explanation:

o=12 41 288=141696 Eur d=12 25 405=121500  x=od=141696121500=20196 Eur

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