FIM 2017 Retirement Symposium

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D.O.B 22-October-1955
62nd Birthday 22-October-2017
Total Contributions 1,174
Rate of Pension 48%
Contributions Replacement Rate Contributions Replacement Rate
500 - 549 30% of wages 1,150 - 1,199 48% of wages Three Best Years
550 - 599 32% of wages 1,200 - 1,249 49% of wages 2012 [53 Weeks] $68,014.99
600 - 649 34% of wages 1,250 - 1,299 50% of wages 2016 [52 Weeks] $61,920.00
650 - 699 36% of wages 1,300 - 1,349 51% of wages 2017 [52 Weeks] $61,920.00
700 - 749 38% of wages 1,350 - 1,399 52% of wages Total Wages $191,854.99
750 - 799 40% of wages 1,400 - 1,449 53% of wages
800 - 849 41% of wages 1,450 - 1,499 54% of wages = $191,854.99 ÷ 3
850 - 899 42% of wages 1,500 - 1,549 55% of wages = $63,951.66
900 - 949 43% of wages 1,550 - 1,599 56% of wages
950 - 999 44% of wages 1,600 - 1,649 57% of wages = $63,951.66 x 48%
1,000 - 1,049 45% of wages 1,650 - 1,699 58% of wages = $30,696.80
1,050 - 1,099 46% of wages 1,700 - 1,749 59% of wages
1,100 - 1,149 47% of wages 1,750 - 1,799 60% of wages = $30,696.80 ÷ 12
= $2,558.07
Monthly Pension
Avg. Annual Wage
Annual Pension
=
SSB Sample Pension
Calculation ANANSI SPIDERMAN