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Old-age pension

General Conditions

An insured person is entitled to an old-age pension upon reaching the prescribed age if they completed insurance periods, pension qualifying periods, or pension qualifying periods without purchase as stipulated by the law. For pension entitlement qualification both conditions have to be met cumulatively; the latter differing in the transitional period as to the gender:

The following three possibilities are prescribed by the law:

For women:

Age

Pension Qualifying Period

59 years and 8 months

40 years without purchased periods

64 years

at least 20 years

65 years

at least 15 years of insurance periods

 

For men:

Age

Pension Qualifying Period

60 years

40 years without purchased periods

65 years

at least 15 years of insurance periods

 

Pension qualifying period without purchase is periods of compulsory membership in the compulsory pension and disability insurance scheme and periods of pursuing agricultural activity without purchased pension qualifying periods (periods of child care during the first year of a child in which a parent was not covered by the insurance, a membership in the voluntary compulsory insurance scheme, etc. do not count).

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