Pension calculator Ethiopia

If you work in the private sector, the pension fund run by POESSA pays a monthly service pension once you meet the conditions. Enter your years of service and your average salary to estimate it.

The formula is the one POESSA explains with a worked example on its pension page.

How it's calculated

First 10 years years of service: 30% of your average salary.
Each year after that adds 1.25%. Extra months count as a share of a year.
The average salary is that of your last 36 months months. POESSA rounds the percentage to one decimal in its example, and so does this calculator.

An example

POESSA's own example: 36 years and 2 months of service give 62.7%. With an average salary of ETB 16,333.33 the pension is about ETB 10,241 a month.

Frequently asked questions

How many years do I need?

At least 10 years years of service. With fewer years the fund does not pay a service pension.

At what age is the pension paid?

When you reach the retirement age of 60 years. With 25 or more years of service you can leave from age 55 and receive it, unless you were dismissed for a disciplinary reason.

What if I cannot work because of illness?

With at least 10 years years of service, a worker found unfit for work by a medical board receives the service pension from the following month, even before the retirement age.

Key terms

Service pension: The monthly pension paid for years of contributory service.
Average salary: The mean of your monthly salaries in the last 36 months.