Retirement Old-age pension

When attaining a certain age and pension qualifying period you are entitled to old-age pension.

Pension is a regular monthly income which provides the beneficiary material and social security upon reaching a certain age and contribution period and pension qualifying period or pension qualifying period without any purchase of years.

The insured persons are eligible for old-age pension:

  • at the age of 65 if you have completed 15 years of contribution period or
  • at the age of 60 if you have completed 40 years of pension qualifying period without purchase of years.

These conditions of retirement come into force in 2019, after the completion of transitional periods.

As pension qualifying period without purchase of years is considered:

  • the period of inclusion in the compulsory additional pension and disability insurance or
  • the period of agricultural activity.

Transitional periods

The Pension and Disability Insurance Act came into force in 2012. It anticipated transitional periods of increasing age and pension qualifying period:

2015 - Women obtain the right to the old-age pension when reaching the age of 64 years and 6 months and 15 years of contribution period.

Between 1st January 2015 and 31 December 2019 men and women become entitled to the old-age pension when they reach 20 years of pension qualifying period and the following age:

year men women
2015 64 years 6 months 62 years 6 months
2016 64 years 6 months 63 years
2017 64 years 6 months 63 years 6 months
2018 64 years 6 months 64 years
2019 64 years 6 months 64 years 6 months

Between 1 January 2015 and 31 December 2018 you must meet the following conditions to acquire the right to the old-age pension:

men women
age pension qualifying period without purchase of years

age pension qualifying period without purchase of years

years years

years years

2015
59 years 40 years

58 years 8 months 39 years

2016
59 years 4 months 40 years

59 years 39 years 4 months

2017
59 years months 40 years

59 years 4 months 39 years 8 months

2018

59 years 8 months 40 years

59 years 8 months 39 years 8 months

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