Double pension, social security and KRUS
If you have worked in agriculture and outside it, paid contributions, like CSS and KRUS, check how this might affect is the height of Your pension.
Pension from KRUS should you if you paid contributions to KRUS and performed in all of the following conditions:
have reached retirement age - 60 for women and 65 for men;
podlegałeś insurance pension rentowemu at least 25 years.
For payment of insurance contributions refer here farming or work after 16. years, until 1 January 1983, when there was no insurance premiums.
At certain times, you can trade in a defined benefit scheme for a fixed-size pension pot found in the defined contribution pension.
This process of trading in is known as final salary pension transfer or defined benefit pension transfer.
In the process of final pension transfer UK, the pension provider might offer you a certain amount in exchange for your guaranteed pension for life.
The money provided will not be in the form of cash instead it will be in form of Cash Equivalent Transfer Value (CETV).
The CETV received can be invested in a pension pot from which you can draw some income from 55.
The cash equivalent transfer value is the money of your pension scheme that you would need today to make sure that it covers the cost of the benefits you were guaranteed in the future.
