Social Security

Pension Rights

Law provides for both full and early pension. For full pension, a worker must have attained 60 years of age with at least 240 months (20 years) of contributions.  Early pension is available to the workers who have attained the age of 50 years with 240 months (20 years) of contributions. 

The old age pension is 0.02% of the insured's average monthly earnings in the last three years before retirement for each 12-month period of contributions. Minimum total pension is 40% of the average monthly earning in the last three years before retirement s while the maximum total pension is 80% of the average monthly earnings. Total pension is reduced by 15% if the worker is aged 50-54 years. Pension is reduced by 10% for workers aged 55-59 years.

The old age pension entitlement conditions may be relaxed for the persons involved in hard labour or who practice such occupations which require early retirement.

Source: §55-58 of the Social Insurance Act 1990, amended in 2008

Dependents' / Survivors' Benefit

The Social Insurance Act provides for survivor benefit. Survivors' benefit is based old age or disability pension the deceased persons received or was entitled to receive. There is no minimum qualifying period.

Eligible survivors include a widow or a dependent widower and children younger than 18 years (26 years for students and no age limit for an unmarried daughter or disabled). If there is no surviving widow or child, the pension is paid to dependent brothers, sisters, and parents. Maximum survivors' pension is 50% of the deceased average monthly earnings. 90% of the survivors' benefit is paid to the widow(er) if there are no other eligible survivors; 50% if there are eligible children or parents; and 30% if there are both eligible children and parents. In case of several widows, or orphans or the presence of parents, the prescribed shares are equally distributed. 

No. of case

Person entitled to Pension

Widows

Sons and

daughters

Parents

Brothers

and sisters

Percentage (%)

1

Widow, Widower or Widows

90%

-

-

-

90%

2

Widow, Widower, widows and sons and daughters

50%

50%

-

-

100%

3

Widow, Widower, widows and parents

50%

-

50%

-

100%

4

Widow, Widower, widows, sons, daughters and parents

30%

40%

30%

-

100%

5

Sons and daughters

-

100%

-

-

100%

6

Sons, daughters and parents

-

70%

30%

-

100%

7

Parents

-

-

90%

-

90%

8

Brothers and sisters

-

-

-

75%

75%

9

Brothers, sisters Widow, Widower or widows

75%

-

-

25%

100%

10

Brothers, sisters and parents

-

-

75%

25%

100%

Source: §74-78 & Schedule I of the Social Insurance Act 1990, amended in 2008

Invalidity Benefit

Pension laws provide for invalidity benefit in the case of non-occupational accident/injury/disease resulting into permanent invalidity. Invalidity pension is 50% of the insured worker's average monthly earnings in the last three years before the disability began. Maximum pension is 80% of the average monthly earnings in the last three years before the disability began. 

Source: Social Insurance Act 1990, amended in 2008

Regulations on Social Security

  • Social Insurance Act 1990, amended in 2008
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