Citizens have used the Social Fund's online calculator to do 1.6 million future pension calculations this year. The pension calculator automatically assigns pension coefficients and work duration. The service helps you understand which old-age payouts you will be entitled to and make adjustments to maximize them.
It also helps you specify socially significant periods of your life that have an effect on your pension amount: military service, caring for a child or an elderly person. On top of that, you can decide how to build your career going forward: as a hired employee, an individual entrepreneur or a self-employed person. That makes your pension forecast as accurate as possible.
The calculator also has a special function: the backward calculation. You specify the pension amount you would like to get, and the calculator shows you how many years you have to work and the salary required to achieve that.
The online calculator also helps those who want to have a personal impact on their future pension: it calculates the amount of voluntary contributions that buy extra pension coefficients and insured work duration. All you have to do is enter the desired parameters and let the calculator decide on the required contribution amount.
The Social Fund's pension calculator lets everyone see the current pension calculation rule and plan their financial future ahead of time, before they retire.