Recommend a solution for me

Recommend a solution for me

If I have already retired

The type of pension (short-term or life-time pension) and the conditions under which it is paid depend on the fund with which you are insured – universal, professional, and/ or voluntary pension fund.
The persons insured with a universal pension fund have the right to a life-time pension for old age, payable after the person has acquired the right to a pension for pensionable service and age, or up to length five years before completing the age to go on a pension. It is paid  in case the amount determined is not less than the amount of the minimum pension payable by the State Social Security. This is a second pension, which you will receive as an addition to the pension paid by National Social Security Institute.

If you are insured with a professional pension fund, you have the right to a term pension for old age. This pension is received after you acquire the right to go on a pension earlier, depending on the length of pensionable service in conditions of 1st and 2nd labour categories and completed age. This pension is a term pension, because it is payable only until you acquire the right to a pension for pensionable service and age. After this, the person starts to receive a life-time pension from the Fund “Pensions” of the State Social Security and a life-time pension from a universal pension fund if he/ she has insured with such a fund.

Each person insured in a voluntary pension fund has the right to a term pension for old age, payable after the person acquires the right to a pension for insurable service and age, or up to five years before completing the age to go on a pension. The mode of payment of these funds can vary and is chosen by the insured person.

Last update: 12.08.2019