Beneficiaries and Conditions for Entitlement
Beneficiaries
Workers who cease working totally or in part and who satisfy certain
requirements are eligible for the old-age pension.
Full Retirement
When the worker stops working completely and complies with the general
requirements for receiving the old age pension.
Partial Retirement
This reconciles receipt of a social security system pension and performance of a
part-time job.
Workers who have reached the ordinary retirement age and who satisfy the
requirements for receiving the pension without the need for a hand-over
contract.
Workers who satisfy the conditions for receiving an old-age pension except
for their age. In this case a hand-over contract must be signed.
Early Retirement
Employees of 60 years of age covered by the general system who were members of
an Employees' Mutual Insurance Scheme before 1 January 1967. This possibility
does not apply to workers who are neither covered by social security nor in an
equivalent situation.
Workers of 61 years of age registered as job-seekers for a period of at least
six months immediately prior to the date of applying for the old age pension who
certify a minimum contribution period of 30 years, without taking the
proportional part for bonuses into consideration and when cessation of work is
not due to the worker's free will.
Benefits: Retirement requirements
Requirements
- They are registered, members or in an equivalent situation in the social
security.
- They have paid 15 years' contributions, at least two of which must fall within
the last 15 years immediately prior to that date (the day of cessation of work
or the day of applying for the pension, in the case of a situation equivalent to
membership).
- They have reached 65 years of age and stop working.
- They may also be entitled to the old age pension even if they are neither
covered by social security nor in an equivalent situation, provided they have
reached 65 years of age and can certify the prescribed contribution period.
In the case of workers contracted on a part-time basis, in order to certify
the contribution periods only the contributions made according to hours worked,
both ordinary and overtime, will be counted, calculating their equivalence in
theoretical contribution days.
Text last edited on: 06/2005
Source: European Union
© European Communities
Reproduction is authorised.
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