Elements that have an Influence Over the Replace Income for Retirement

Abstract

The main goal of any authority acting on pensions domain is to provide a decent living to the beneficiaries at the time of their retirement from activity. This is possible if the pension is as close to the gains that they have achieved during the period of activity, even if we relate to the whole period of activity or just to the last salary.

Keywords

• annuity
• standard retirement age
• the gross income replacement at retirement
• the tax on contributions