The Seychelles Pension Fund has a new and more modern way of calculating retirement pension. The new formula takes in to consideration your salary for the last 9 years, the number of years you have been contributing towards SPF, the rate of increase in salary growth and the adjustment in contribution to reflect true contributed amount (accrual rate)…. Try it out!!
New Pension formula
The new pension formula is calculated using
the following formula
The above calculation is to provide members with an indication as to how much pension they are entitled to at this moment in time. Please note that pension amount will change according to updates in statistical data as and when it happens. For example as the year of contribution increases, the pension amount will be adjusted to reflect this change.