Additional compensation and wage differentials calculation method for means test


 

For instance: for a man whose retirement age (67) is on April 10, 2014,

His overall income from April 1, 2014, until December 31, 2014, is taken into account.

The following year, his overall income from January 1, 2015, until December 31, 2015, is taken into account.

The following year, his overall income from January 1, 2016, until December 31, 2016, is taken into account.

The following year, his overall income from January 1, 2017, until March 31, 2017, is taken into account.

Upon reaching 70 years of age, he will be entitled to a pension without passing an income test.

as of Jan 01, 2022