What is a fair pension?

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Average of 1800 EUR per month

The average pension in Belgium is around 1800 EUR per month. But that average is pushed up by a small portion of ex-government workers that get an outrageous pension. Like this person in the picture of an article that was released today in a Belgian newspaper. He worked about 35 years for the ministry of finance, more specific the tax department. And receives 75 percent of his last net wages. A whopping 4222 EUR every month.

I am not going to judge if this person deserves this amount or not, but the discrepancy between this and people that didn’t work for the state, but worked a full 45 years and only get 1500 EUR of pension.
There are millions of those in Belgium. And with that, we have the lowest average pension in the whole of Western Europe. Which is a sad deal for the country with the highest taxes in the world.

What is fair?

In my opinion, a pension of 2000 EUR for everyone that has 45 working years is the minimum. Especially if you pay over 50 % taxes on labour in your country.

But, fact is, we are far away from that, so saving for an additional pension is a must over here. If you don’t, you will be living a very poor lifestyle in your older days…

Hive and LEO are one of my many pension saving plans for the old days.

I hope you are thinking that far too!

Sincerely,

Pele23

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8 comments
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Yes I agree around 2k would be a fair amount. Mine will be more hopefully when I retire plus as you say we have crypto as well. My investments are all about passive income for this very reason.

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Same here, multiple streams of income, something Warren Buffet preaches every day!

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Dang! That's a lot of govt cheese!

I'm with u.. making my own hive/LEO/other stuff pension..

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If I talk about the pension of Pakistani people here, it is very less. If a person has retired from a job, he is being given only two hundred dollars. And here the salary of a laborer is only hundred dollars a month. If i convert eighteen hundred euro into Pakistani currency, it becomes a very good amount of money.

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I understand, but the cost of living here in Belgium is a lot higher too. With 1800 EUR, you will have to be very careful

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