Because of an exceptionally high increase in the earnings-related pension index, the time of retirement matters if it occurs at the turn of the year.

Due to the rapid rise in prices, the earnings-related pension index will grow clearly more than the wage coefficient at the beginning of 2023. As a result, if a person retires in 2022, they will get a higher index increment than if they retire after the turn of the year (in 2023).

The life expectancy coefficient confirmed for 2023 is 0.94419.

The earnings-related pension index is 2874 and the wage coefficient 1.558.

The earnings-related pension insurance contribution of workers in 2023 is 7.15 per cent, and the increased earnings-related pension insurance contribution for 53–62-year-olds is 8.65 per cent.

The earnings-related pension insurance contribution under the Self-employed Persons’ Pensions Act is 24.10 per cent, and the increased earnings-related pension insurance contribution for 53–62-year-olds is 25.60 per cent.

The average earnings-related pension contributions for employers is around 17.4 per cent in 2023.