The chance for a higher pension is growing. Very close to the record

• The chance for a higher pension is growing, because indexation this year is very high.
• The revaluation of over 14% is very high, only slightly lower than the record high from last year.
• In turn, our money on sub-accounts will be indexed by 9.49%.

The indexation takes place every year in June and applies to the amounts accumulated in the account by January 31 of the given year. It consists of adding to each account the amounts calculated according to a formula in which the above indicator is key. Its amount depends on what the inflation was in the previous year and how much the amounts of all our pension contributions paid to ZUS increased.

These in turn depend on how fast the average salary and the number of people paying contributions to ZUS grew in the previous year.

The indexation of over 14% is very high, only slightly lower than the record high from last year (at the level of 14.87%) and results primarily from the double-digit rate of wage growth in the national economy in 2024.

Annual indexation is crucial for the amount of our future pensions.

• Thanks to them, the amounts of contributions we collect in our accounts and pay each month grow faster.
• Their total amount at the time of retirement will determine the amount of the benefit, which will be calculated by ZUS by dividing this amount by the average life expectancy expressed in months for a person of a given age.
• ZUS takes this second value from the life expectancy tables published annually by the Central Statistical Office.

All this is quite complicated, and this is still not the whole picture of the system, because in addition to the accounts in ZUS we also have so-called sub-accounts, to which our money from OFE was transferred 11 years ago. Sub-accounts are also indexed, but with a different indicator. It is calculated by taking into account the nominal GDP growth from the last five years and taking the average from this data. This year, our money in sub-accounts will be indexed by 9.49 percent, which is similar to the case of the account - significantly above inflation.

All of this information can be found by logging into your account on the ZUS website, but it is not easy at all. Perhaps in the future it will be easier in this respect, because information about contributions collected in ZUS, as well as the pension forecast calculated on the basis of these contributions, are to be found in the mObywatel application. This was announced on Thursday by the chairman of the Standing Committee of the Council of Ministers, Maciej Berek.