Persons who have not reached the retirement age, but who collect the benefit and additionally earn money to it, must pay attention to the income limits. Exceeding them may result in a reduction or even suspension of the benefit payment. The more so that soon their amounts will change and will be lower than at present.
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Who should be aware of limits? If they are exceeded, the payment of the benefit may be suspended
In retirement, seniors who can earn extra money without any restrictions have reached the general retirement age (60 years for women and 65 years for men), and those who receive war and military invalids’ pensions or survivors’ pensions after being entitled to these . So who needs to watch out for the limits? First of all, people who have not reached the retirement age but receive money from ZUS, eg in the form of a bridging pension or disability pension (except those mentioned above). Exceeding them may result not only in reducing the amount of the benefit paid, but even in its suspension. The current limits apply from June 1, but will change soon. How much will they be?
New limits for seniors who earn extra money for retirement. How much will they be from September 1?
From September 1, 2023, the limits of the amounts that can be earned by those earning extra money in early retirement will change. Importantly, they will not increase, but decrease. According to the Central Statistical Office, the average monthly salary for the second quarter of 2023 decreased from PLN 7,124.26 to PLN 7,005.76, which is PLN 120 less than in the previous quarter. Therefore, in September, October and November the limits for earning seniors will also be lower. How much will they amount to and what are the consequences of exceeding them?
- 70 percent average monthly salary, i.e. PLN 4,904.10 – after exceeding this amount, the benefit will be reduced,
- 130 percent average monthly salary, i.e. PLN 9,107.50 – after exceeding this amount, the payment of the benefit will be suspended.
Currently, the limits are PLN 4,987 and PLN 9,261.60 respectively. It should also be remembered that in the case of a social pension, the same rules apply from January 2023, i.e. it is suspended only after exceeding 130 percent, where earlier it was already at 70 percent.
Source: Gazeta
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