Calculation method for additional payment and entitlement to an old-age pension based on your income


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 accout.

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

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

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