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Minimum pension

Beneficiaries of the following pensions are entitled to an increase in the pension to the minimum pension:

  • Old-age pension (even if it had been previously granted as an early old-age pension)
    or
  • Disability pension after reaching retirement age.

The following conditions for the entitlement should be met by the beneficiary:

  1. The beneficiary acquires at least 30 years of a qualified pension insurance period;
  2. The amount of the pension incomes is lower than the amount of the minimum pension; and
  3. The beneficiary applied for acknowledgement of all pensions to which he or she might be entitled (for example, a recipient of old-age pension – a widow – must also apply for a widow’s pension).

The qualified period of the pension insurance is defined as follows

  • Pension insurance period acquired
    • Before 1 January 1993 (all days of pension insurance shall be included);
    • From 1 January 1993 (only days earned in a calendar year for which a personal wage point of at least 0.241 is included, i.e., the annual income was at least 24.1% of the average wage). Irrespective of the value of the personal salary point, the following periods of pension insurance shall be deemed qualified periods, too:
    • Abroad (the whole period shall be credited, if confirmed by the competent institution);,
    • In the calendar year in which the conditions for entitlement to a pension were met after 31 December 2003 or a pension was acknowledged before 1 January 2004;
    • From the beginning of the title to a disability pension until reaching the retirement age.

“Abroad” means another member state of the European Union, the states of the European Free Trade Association (Republic of Iceland, the Kingdom of Norway, the Principality of Liechtenstein and the Swiss Confederation) and a state with which the Slovak Republic has an international agreement on social security.

 

What will be the amount of the minimum pension

The following items shall be included in the total pension income:

  • Old-age pension or disability pension; widow’s pension or widower’s pension;
  • Service pension; disability service pension; widow’s service pension; widower’s service pension;
  • Widow’s pension or widower’s pension and orphan’s pension from the II. pillar;
  • Pension from abroad, if it is similar to any one of the above pensions.

 

The amount of the minimum pension from 1 January 2021

Pension insurance period for the purposes of the minimum pension in years

The amount of the minimum pension in Euros

30

334,30

31

338,50

32

342,70

33

347,00

34

351,20

35

355,40

36

359,60

37

363,80

38

368,00

39

372,20

40

378,50

41

384,80

42

391,10

43

397,40

44

403,70

45

410,00

46

416,30

47

422,60

48

428,90

49

435,20

50

441,50

 

Application for the minimum pension

It is not necessary to apply for the minimum pension. The Social Insurance Agency decides ex officio on the right to an increase in the minimum pension.