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? ›

Do unto others as you would have them do unto you.” This seems the most familiar version of the golden rule, highlighting its helpful and proactive gold standard.

What Bible verse is the golden rule? ›

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 are the 3 basic golden rules? ›

The three golden rules of accounting are:
  • Debit the receiver, credit the giver.
  • Debit what comes in, credit what goes out.
  • Debit expenses and losses, credit incomes and gains.

Why is the golden rule outdated? ›

The Golden Rule fails in practice because we really can never tell instinctively or otherwise how someone wants to be treated, or why they do what they do; what their motivation for action happens to be. Attribution errors are the cause of most negative conflicts in life, miscommunication, and other missteps in life.

What is the Golden Rule of life? ›

The Golden Rule is the principle of treating others as one would want to be treated by them. It is sometimes called an ethics of reciprocity, meaning that you should reciprocate to others how you would like them to treat you (not necessarily how they actually treat you).

What does golden rule mean 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 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. And the second is like it: 'You shall love your neighbor as yourself.

What is the Golden Rule in Matthew 7:14? ›

Christ summarizes the intent of God's commands in the Old Testament: doing for others what we want done for us. This is commonly referred to as "the Golden Rule." The way of Jesus begins by entering a narrow gate and continues down a hard path that leads to life.

How do Christians use the Golden Rule? ›

GOLDEN RULE PRACTICES

Most important to Golden Rule Christians is care for relationships, doing good deeds, and looking for opportunities to provide care and comfort for people in need. Their goal is neither changing another's beliefs nor changing the whole political system.

What is the key to the golden rule? ›

"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 is the golden rule for dummies? ›

The Golden Rule tells people to treat each other as they would like to be treated. It also asks people not to treat others in ways that they would not enjoy being treated.

What are real examples of the golden rule? ›

Here are 30 examples:
  • See the good in people. Make people feel special.
  • Be the first to give. Give for the right reason — and that is, give for no reason at all.
  • Play by the rules. Don't cut in line. ...
  • Listen to others. Communicate. ...
  • Be unbiased. ...
  • Keep an open mind. ...
  • Give people a chance. ...
  • Make every collaboration win-win.
Jun 9, 2020

What is the Golden Rule in the Bible? ›

The full version, as presented in Matthew 7:12 NIV, reads: So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. The Golden Rule is not only known by Christians but is considered a sound principle for living among many groups.

What is the Golden Rule of kindness? ›

It is referenced in the verse Matthew 7:12 (and others) and says “So in everything you do, do unto others as you would have them do to you.” Seems pretty simple, and it goes without saying that we would like people to be kind to us so that's what we should be to them.

What is the biggest weakness of the Golden Rule? ›

First, it is not universal; but even if it is generally reflected in all major cultures, the Golden Rule can still hardly be the core of all morality. It offers little resistance to weak, inconsistent or morally-questionable applications, and it fails to reflect our highest moral standards.

What is the golden rule in simple terms? ›

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

What is the expression of the golden rule? ›

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 the golden rules slogan? ›

"In everything, do to others what you would have them do to you.

What is the literal golden rule? ›

The literal rule declares that the literal or ordinary meaning of the words used must be followed, whatever the result;= the golden rule starts from the same premise, but allows the judge to depart from the literal meaning of the words to the extent necessary to avoid absurdity or inconsistency, but no farther. '

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