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.