Although in theory the amount of the pension should be influenced mainly by the accumulated capital, in practice the matter is more complicated. The amount of the benefit granted is also affected by the day of submitting the application, indexation or life expectancy tables. With all this in mind, when is the best time to retire in 2024?
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Record number of applications. So many people retired at the beginning of this year
This year, seniors could count not only on a record indexation of benefits, which amounted to 14.8 percent, but also an additional injection of money in the form of the “thirteen”. However, this is not all, because soon the accounts of some will also be credited with “fourteen”. No wonder so many people decided to retire in February. Thanks to this, they managed to get a raise and additional benefits. According to data from the Social Insurance Institution, as many as 87,000 people applied then, which is almost 25,000 more than in 2022.
How much can the March valorization amount to? estimates
Since inflation is currently falling, it is unlikely that we can count on equally high and record-breaking increases next year. Moreover, the downward trend is expected to continue. For this reason, according to estimates, the March valorization is about 13.94 percent, but the exact number will be known at the beginning of the year. Importantly, it should be remembered that a decrease is not tantamount to a decrease in prices in stores. They will just go slower.
When is the best time to retire in 2024? Two dates are foreseen
Many people wonder when is the best time to retire. It turns out that once again the most profitable month will be the beginning of the year. – It will be most beneficial to retire by the end of February or, possibly, to extend work and start from July – convinces Łukasz Kozłowski, member of the supervisory board of ZUS and chief economist of the Federation of Polish Entrepreneurs quoted by. In this way, the senior will still get advantageous life expectancy tables (although not as much as in 2022), indexation of benefits, as well as the 13th pension.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
