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 730 Euros, you pay social insurance (you and your employer) monthly € 263 during 44 years and your retirement is 354 Eur during 14 years.

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


Result

x =  79392 Eur

Solution:

x=12 44 26312 14 354=79392 Eurx=12 \cdot \ 44 \cdot \ 263 - 12 \cdot \ 14 \cdot \ 354=79392 \ \text{Eur}



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