Golden Rule (2024)

If you work continuously until you retire, the statutory old-age credits of the occupational pension scheme result in an old-age credit which, converted, corresponds to a pension of 34% of your last coordinated salary (at a conversion rate of 6.8%).

However, this ratio between pension and wage will only be achieved if the golden rule is applied. This rule states that the interest rate on the retirement assets must be the same as the average wage increases. With the golden rule, the ratio between your coordinated wage and the projected old-age pension at the time of ordinary retirement always remains the same, regardless of whether the rates are 1% or 2%.

The golden rule is essential for calculating the appropriateness of pension plans. The golden rule limits the interest rate that may be applied to compound interest. It may only be set as high as the average salary increases. An interest rate of 1.5 to 2 percent is accepted for tax purposes.

Excel sheet with the calculation of the Golden Rule

Golden Rule (2024)

FAQs

What is the saying golden rule? ›

The "Golden Rule" was proclaimed by Jesus of Nazareth during his Sermon on the Mount and described by him as the second great commandment. The common English phrasing is "Do unto others as you would have them do unto you".

What is the Golden Rule in Christianity? ›

Golden Rule, precept in the Gospel of Matthew (7:12): “In everything, do to others what you would have them do to you. . . .” This rule of conduct is a summary of the Christian's duty to his neighbour and states a fundamental ethical principle.

What is the rule of golden means? ›

The golden mean is a concept put forward by Aristotle that asserts that virtuous moral behavior can be identified as a mean, or middle ground, between two extremes — one of excess and one of deficiency.

What is the most popular golden rule? ›

It is a rule that aims to help people behave toward each other in a way that is morally good. The Golden Rule is often written as, ''treat others how you want to be treated'' or, ''do unto others as you would have them do unto you.

What is that golden rule? ›

The most familiar version of the Golden Rule says, “Do unto others as you would have them do unto you.” Moral philosophy has barely taken notice of the golden rule in its own terms despite the rule's prominence in commonsense ethics.

What is the Golden Rule expression? ›

a rule of ethical conduct, usually phrased “Do unto others as you would have them do unto you,” paraphrased from the Sermon on the Mount in the New Testament.

What is God's number one rule? ›

"Teacher, which commandment in the law is the greatest?" He [Jesus] said to him, "'You shall love the Lord your God with all your heart, and with all your soul, and with all your mind. ' This is the greatest and first commandment.

Did Jesus create the golden rule? ›

As for Judaism, we can read the Golden Rule for the first time in the Book of Tobias, dated 200 BC, but Jesus Christ has turned it into a positive sentence: “Do unto others as you would have them do unto you”.

What is the golden rule philosophy? ›

Abstract. The Golden Rule guides people to choose for others what they would choose for themselves. The Golden Rule is often described as 'putting yourself in someone else's shoes', or 'Do unto others as you would have them do unto you'(Baumrin 2004).

What does the Golden Rule symbolize? ›

The Golden Rule Symbol Analysis

The Golden Rule, as Jesus formulates it in the Gospels, says that one ought to “do unto others what one would want others to do unto oneself.” This forms the basis of a communal and selfless moral and social system, at least in its ideal religious conception.

What does golden rule mean in slang? ›

the Golden Rule : a general rule for how to behave that says that you should treat people the way you would like other people to treat you. I try to live by the Golden Rule.

What is the Golden Rule answer? ›

Answer:
  • Do unto others as you would have them do unto you.
  • Treat others with kindness and respect, just as you would want to be treated.
  • Show empathy and understanding towards others, as you would want someone to do for you.
  • Help others in need, as you would hope for assistance if you were in a similar situation.
Sep 3, 2023

What are the 3 basic golden rules? ›

1) Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.

What is the Golden Rule today? ›

Loving your neighbor as yourself is considered one of the most important of the Ten Commandments, next to loving God, according to Jesus in Matthew 22. The golden rule relates to this commandment, explaining that in all things, loving your neighbor as yourself means to treat them the way you want to be treated.

What is the Golden Rule in real life? ›

"The golden rule is steeped in empathy: the basic premise of do to the other as you want done to you or even what you hope for others is what you hope for yourself," says Ramani Durvasula, a professor of psychology at California State University, Los Angeles.

What does golden rule mean slang? ›

the principle that you should treat people in the same way that you would like to be treated yourself.

What is the literal meaning of golden rule? ›

golden rule. noun. : a rule that one should treat others as one would like to be treated.

What is the idiom golden rule? ›

the Golden Rule : a general rule for how to behave that says that you should treat people the way you would like other people to treat you.

Who said the golden rule is that there is no golden rule? ›

Quote by George Bernard Shaw: “The golden rule is that there are no golden rules.”

Top Articles
Latest Posts
Article information

Author: Aron Pacocha

Last Updated:

Views: 5410

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Aron Pacocha

Birthday: 1999-08-12

Address: 3808 Moen Corner, Gorczanyport, FL 67364-2074

Phone: +393457723392

Job: Retail Consultant

Hobby: Jewelry making, Cooking, Gaming, Reading, Juggling, Cabaret, Origami

Introduction: My name is Aron Pacocha, I am a happy, tasty, innocent, proud, talented, courageous, magnificent person who loves writing and wants to share my knowledge and understanding with you.