Calculate company pension: It's easy with this formula

You can calculate the amount of your company pension yourself. In this article, we show you which formula that works and which factors play a role.

Calculate company pension: these are the factors

Before you can start calculating the company pension, we will explain the individual factors that are important for the formula.

Supplementary pension annual fee: One size that you have to find out from your documents is the supplementary pension annual fee that was reported by your employer.
Reference remuneration: This is an actuarial calculation that was determined by the parties to the collective agreement. The reference fee is always 1, 000 euros per month or 12, 000 euros per year.
Age factor: The age factor plays a role for the interest effects and thus for the calculation of the supply points, after which the pension is finally calculated. The factor can be read in a table that can be downloaded, for example, from the website of the Bavarian Supply Chamber.
Measurement amount: Finally, the measurement amount also appears in the formula for calculating the pension. You use this to convert the previously calculated supply points into an amount of money. You charge 4.00 euros per supply point.

You can use the necessary factors to calculate how high your company pension will be.

First you divide your supplementary pensionable annual salary by 12 and the result from this fraction by the reference salary, i.e. 1, 000.
Multiply the result by the age factor that you took from the table.
The result of the previous calculation shows the number of your supply points. To convert this into a monetary value, multiply the number of supply points by the measurement amount of 4.00 euros.
You have now calculated the amount of your company pension.
By the way, we have summarized for you what you need to know about the company pension in a separate article.

You can find out whether you can cancel your company pension in our next guide on pensions.