Home » Business » The Abolition of the Correction Coefficient for Self-Employed Pensions in 2021: What You Need to Know

The Abolition of the Correction Coefficient for Self-Employed Pensions in 2021: What You Need to Know

by Niels Saelens
published on Sunday, September 17, 2023 at 4:55 PM •
3 min read

The De Croo government has reformed pensions in 2021. As part of that reform, the so-called correction coefficient for the self-employed was abolished. But what exactly does that mean?

Why is this important?

This article was created thanks to a question from a reader. He wondered whether the abolition of the correction coefficient would only apply to self-employed income after 2021. Do you also have a question for the editors? Don’t hesitate and send it to this address.

Context: To boost the pensions of the self-employed, the federal government abolished the correction coefficient two years ago.

Until 2021, only 69 percent of a self-employed person’s annual income counted towards the calculation of the pension. This correction coefficient was introduced in the 1980s to take into account the lower contribution of self-employed people to social security compared to employees. Because social contributions are now approx

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2023-09-17 14:55:53
#Abolition #correction #coefficient #selfemployed #people #big #impact #pensions

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