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Deferral

繰下げ / deferred-pension — Institutions

Delaying the age at which you start receiving your pension. The monthly amount increases.

Assignat of 50 sols Assignat of 50 sols1793
A real specimen of the related term “Pension”.

In Japan, the amount increases by a fixed rate for each month of deferral. A similar system exists in the United States. ⚠ Before deciding, calculate the rate of increase and the number of years you expect to receive payments for your own situation.