Index adjustments
When calculating pensions, your earnings from previous years are reviewed using a wage coefficient where
- the weighting of changes in salaries accounts for 80%
- the weighting of changes in prices accounts for 20%
In 2011, the wage coefficient adjusting these money amounts from active working life is 1.78 %.
Up to the end of 2004, money amounts were adjusted using the TEL index, where the weighting in salaries and prices was 50/50. This so-called halfway-index has been used since 2004 when calculating pension income based on the old system for an employment contract that fell within the sphere of occupational protection legislation. The TEL index adjustment is about 1,57 % in 2011.
In 2011, all currently paid pensions were adjusted by 1.35 % using the earnings-based pension index where
- the weighting of changes in salaries accounts for 20%, and
- the weighting of changes in prices accounts for 80%