استمع

The average future value of salaries is used instead of the last salary drawn subject to the new retirement system because the average future value is more fairer and equitable between categories in terms of retirement pension calculation as the pension is associated with the paid contributions:

Further, the average future value of salaries enables the system to accommodate categories currently not covered under the pension schemes such as temporary workers, self-employed, and seasonal workers with no fixed income.  Such categories cannot be covered in systems that use the last salary formula and as such will be deprived of the retirement pension in the future. The last salary systems do not allow the collection of salaries from more than one employer of the insured person but the new system allows such a scenario.