Pension or fraud

Imagine your entire working life working honestly and paying taxes and Social Insurance (in Slovakia). You have a gross wage 1240 Euros. You pay social insurance (you and your employer) monthly € 384 during 44 years, and your retirement is 570 Eur during 25 years.

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

Correct answer:

x =  31752 Eur

Step-by-step explanation:

o=12 44 384=202752 Eur d=12 25 570=171000 Eur  x=od=202752171000=31752 Eur

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Showing 1 comment:
Math student
pension scheme in working only if there are plenty of young workers in population.

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