Home » today » Business » What will your pension be? In 2020, ZUS (Social Security Office) does not send letters with calculations after the valorisation of the account. But there is a method for this: 12/07/2020

What will your pension be? In 2020, ZUS (Social Security Office) does not send letters with calculations after the valorisation of the account. But there is a method for this: 12/07/2020

This year, information on the account balance of the insured can be checked on the Electronic Services Platform. Only people who apply to the Social Insurance Institution will receive such data in a paper version – by letter or at a ZUS institution.

In connection with the coronavirus pandemic, information on the status of the insured’s account can be checked this year only on your profile on the Electronic Services Platform. Persons who request it will also receive information on paper.

“The information will be made available after the annual indexation of pension insurance contributions and initial capital on the account as well as contributions and funds from the Open Pension Fund (OFE) recorded on the sub-account” – informs ZUS.

How to check your account balance at PUE

To find information about your account status at PUE, just go to the “Insured Panel”, select the “Account status information” tab, and then “Information for 2019”.

Information on the status of the Insured’s account in ZUS (IOSK) reflects the state of our funds on the account in the Social Insurance Institution as at December 31, 2019 and includes valorised amounts of initial capital and pension insurance contributions for the period from 1999 to 2018. The amounts indicated already include this year’s June indexation (‘Account balance’ tab).

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Simulation for 35-year-olds

All insured persons, including those who turned 35 in 2019, will also find in IOSK a simulation of a hypothetical pension calculated from the insured account only and from the account and sub-account at the Social Insurance Institution (‘Hypothetical pension’ tab). The plant uses two variants of these calculations. One takes into account our further work up to the retirement age with the inflow of contributions in the average amount from previous years of work, and the other assumes that we are already ending our professional activity and no more contributing.

“In the” Pension premiums broken down by year “tab, you can check the contributions for 2019. If you are an OFE member and have a subaccount, these amounts are reduced by the part that you write to the subaccount and transfer to OFE” – ZUS states.

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Contribution payer report

The novelty is “Information on submission of an information report to the Social Insurance Institution by the contribution payer”. Such information will be given to those persons for whom the contribution payer submitted an information report in 2019. The report is submitted by the employer if it intends to shorten from 50 to 10 years the period of storage of documentation and files of employees registered for social insurance for the first time after 1998 and before 2019.

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