Revaluation of the wages
When calculating your pension, we adapt your actual earnings and fictitious salaries to the evolution of the cost of living on the date on which you retire. We call this mechanism 'revaluation'.
We fix a revaluation coefficient for every career year. Consult the table of the revaluation coefficients per year since 1968.
The revaluation happens in two phases:
- Revaluation of the fictitious salary for a career year to the reference year
We calculate the revalued fictitious salary for a career year by multiplying the reference wage by the revaluation coefficient of the reference year and by subsequently dividing it by the coefficient of the year for which we calculate the fictitious salary.
Example:
If the reference year is 1980 and the year for which we calculate the fictitious salary is 1975, we multiply the reference wage of 1980 by the coefficient 0,734790. We obtain this coefficient by dividing the revaluation coefficient of 1980 by the one of 1975 (3,045772/4,145094). - Revaluation of the total wages at the time of your retirement
Your total wages for a career year contain your actual earnings and your fictitious salary for a career year from step 1.
We multiply your total wages for every career year with the revaluation coefficient of that year.
This adaptation is made at the time of your retirement.