By Nils Silence
Posted on to •
3 1 minute read
Posted on to •
3 1 minute read
The De Croo government reformed pensions in 2021. As part of this reform, the so-called correction factor for the self-employed was abolished. But exactly what does that mean?
Why is this important?
This article was created thanks to a question from a reader. He asked whether the abolition of the correction factor would only apply to the income of self-employed people after 2021. Do you also have a question for the editors? Do not hesitate and send it to this address.Context: In order to boost self-employed pensions, the federal government abolished the correction factor two years ago.
- Until 2021, only 69 percent of a self-employed person’s annual income is counted toward a pension. This correction factor was introduced in the 1980s to take into account the lower contribution of the self-employed to Social Security compared to employees.
- Because social contributions are now approx
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