The application for recalculation of the benefit may increase its amount.
According to the” Gazeta “portal, one a way to change the amount of the retirement benefit is to ask the Social Insurance Institution to recalculate it. Many seniors aged 65 and over can take advantage of this opportunity. What conditions must be met?
Recalculation of the benefit from ZUS
The life expectancy tables published by the Central Statistical Office show that life expectancy has decreased. Although it is difficult to perceive it in terms of positive news, there is no doubt that it translates into the amount of the benefit paid from ZUS.
Life expectancy forecasts are taken by ZUS to calculate the amount of benefits. You may apply for a benefit conversion if you did not have all the employment-related documents for the calculation of your pension when you applied for it.
This is also possible when the senior is able to document earnings after retirement, and when the pensioner has worked and paid social security contributions.
It is necessary to submit an application
In order for the amount of the benefit to be recalculated, it is necessary to submit an appropriate application to ZUS. The pension is converted from the month in which the application was submitted.
Importantly, if the benefit after conversion turns out to be lower than the one paid so far, then ZUS will still pay the option that is more favorable for the senior. It is worth remembering that you can only apply for conversion once a year, not quarterly, as was the case before.
You can find out more about it here.
What do you think about such a settlement?