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[LIFESIT05B] Compensation rate when receiving old-age pension, retiring at age 67 by Household, Year, Country and Income

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10/10/2024
Per cent
No
Nososco group for social benefits
LIFESIT05B
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As a basis, the calculations use AW, the average wage in the private sector as defined by OECD. The compensation rate is the income compared to previous income from work, when previous income was the referenced percentage of AW.
Income is equivalised, that is the increase of the household when a child is born is taken into consideration.

Income

Income in percent of average wage in the private sector.

Household: Single person without children , Year: 2022 , Country: Faroe Islands , Income: 100

The calculation is based on an individual born after 1952.

Household: Single person without children , Year: 2022 , Country: Faroe Islands , Income: 125

The calculation is based on an individual born after 1952.

Household: Single person without children , Year: 2022 , Country: Faroe Islands , Income: 50

The calculation is based on an individual born after 1952.

Household: Single person without children , Year: 2022 , Country: Faroe Islands , Income: 75

The calculation is based on an individual born after 1952.