Old age pension savings are savings under Pillar 2, which is intended, along with old age t insurance from the Social Insurance Agency (Pillar 1), to provide income to the saver in old age and survivors in the event of death.
The following old age pension savings are paid:
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Old age Pension
The condition for receiving an old age pension is reaching pensionable age.
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Early old age pension
The conditions for receiving an early old age pension are:
- the entitlement of a saver to receive an early old age pension under Pillar 1; or
- the sum of the amounts of the early old age pension under Pillar 1 and the early old age annuity under Pillar 2 at the date when the payment started is more than 1.6 times the amount of the subsistence minimum for one adult person.
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Survivor’s Pension
- a widow’s or widower’s pension;
- an orphan’s pension.
- Return on Investment