Good news for millions of retirees. Important changes from March 1

ByValeska
Pracujący emeryt

From March 1, the limit amounts of income that can be earned by the so-called early retirees. These people will be able to earn more for the benefit.

This year, the increase in pensions will be only 5.3%. The amount of benefits in Poland leaves much to be desired, so it is not surprising that many people decide to earn extra money. The so-called early retirees must be careful about their earnings.

At the beginning of March, the income thresholds will change, and exceeding them may result in a reduction or even suspension of pension payments. The good news for this group is that from next month they will be able to earn more.

Early retirees will be able to earn more

Let us remind you that the benefit is reduced if the remuneration exceeds 70%. the amount of the average monthly salary. The benefit will be suspended when the salary exceeds 130%. the amount of the average monthly salary. The first case currently occurs when earnings exceed PLN 6,140.20 gross per month. Pension payments are suspended when the gross amount exceeds PLN 11,403.20. From March 1, these amounts will be PLN 6,438.50 and PLN 11,957.20, respectively. Compared to the previous rules, the limits increased by approximately PLN 300 and PLN 600, respectively.

The earning limits are updated quarterly. The new thresholds will be valid until the end of May.

Pensioners who have reached the standard retirement age (65 for men and 60 for women) do not have to worry about the limits. As RMF FM reminds, there is one exception here. These are people whose pension has been increased to the minimum amount (from March this year it will be PLN 1,978.49 gross). If such a person achieves income higher than the minimum subsidy amount, ZUS will pay the benefit without compensation to the minimum amount.

They can also earn extra money without limits:

  • pensioners receiving military or war pensions if their incapacity for work is related to military service,

  • persons receiving survivors’ pensions after such disabilities,

  • beneficiaries for whom the survivor’s pension is more favorable in terms of amount than the fixed pension for reaching the general retirement age.

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