|
Old age pensionELIGIBILITY CRITERIA FOR ENTITLEMENT TO OLD AGE PENSION FROM THE PENSION INSURANCE SYSTEM OF THE SLOVAK REPUBLICEligibility criteria for entitlement to old age pensionTo be entitled to an old age pension, an insured person, must 1) achieve at least 15 years of the pension insurance period and 2) reach a pensionable age. In the event that the insured person reaches the pensionable age during the period between January 1, 2004 and December 31, 2007, he/she is entitled to the old age pension after achieving at least 10 years of pension insurance period. An insured person will not be entitled to old age pension if he/she reaches a pensionable age and achieved 10 years of the pension insurance period and,
Entitlement to an old age pension in the event that the eligibility criteria were not met before January 1, 2004If an insured person reached the age required for entitlement to an old age pension before January 1, 2004 and 1) fulfilled the criterion of the required period of employment only after adding the period of pension insurance achieved after December 31, 2003, he/she will be entitled to an old age pension or a proportional old age pension according to the legal regulations effective until December 31, 2003 or 2) did not fulfill the criterion of the required period of employment before December 31, 2004, he/she will be entitled to an old age pension at the earliest from January 1, 2005 according to Act No. 461/2003 Coll. on Social Insurance as amended by later regulations, if he/she achieved at least 10 years of a pension insurance period and reached the age of at least 62.
Pensionable ageAs of January 1, 2021 the legal regulation of the pensionable age is changed. The pensionable age is determined to all insured persons. The pensionable age valid after December 31, 2020 is stated in a tabular overview (annexed to the Act on Social Insurance).
New method of pensionable age determination will not be applied to:
The pensionable age of these insured persons shall remain determined according to § 21 par. 1 and § 174 of Act No. 100/1988 (Digest) on Social Security as amended by later regulations. It concerns ages in the range between 55 and 59 years depending on the number of years of employment they achieved during the performance of employment belonging to the 1st occupation category, 1st functional category or 2nd functional category.
Entitlement to the payment of an old age pensionAn individual’s entitlement to the payment of an old age pension begins after meeting the eligibility criteria for the entitlement to the old age pension and submitting the old age pension claim and shall remain in force during the pension insurance period (for example during the performance of employment) after the granting of the pension (the criterion that the employment relationship must be agreed for a maximum of one year is no longer required). An old age pension shall not be paid out during the period in which the insured person is entitled to
if the insured person claimed an old age pension after December 31, 2007 and if he/she became temporarily incapable of work before the date from which he/she claims this pension.
Limitations related to the payment of an old age pensionEntitlement to the payment of an old age pension or its part falls under the statute of limitations after the expiration of a three-year period from the day on which the person began receiving the old age pension or its part. The given period does not begin to run during the old age pension proceeding or during the period in which the participant of this proceeding is dependant on a guardian but this guardian has not yet been appointed.
Termination of the entitlement to an old age pension and its paymentThe entitlement of a natural person who fulfilled the eligibility criteria for the entitlement to an old age pension and the eligibility criteria for the payment of the old age pension ends on the day of his/her death, unless Act No. 461/2003 Coll. on Social Insurance as amended by later regulations states otherwise.
Claiming an old age pensionA proceeding on the claiming of an old age pension from the pension insurance system of the Slovak Republic begins on the basis of a written claim of a natural person (the claimant) who is claiming the pension and its payment. If the claimant’s residence is on the territory of a different state, to which the coordination regulations of the European Union pertain, or on the territory of a contractual state, the request for old-age pension from the pension insurance system of the Slovak Republic is in principle submitted through the institutions of the social insurance system of that state; this also applies to the situation if the claimant does not claim a pension from the pension insurance system of the state, on the territory of which he/she has his/her residence. If the claimant’s residence is on the territory of a state, to which the coordination regulations of the European Union do not pertain, or which is not a contractual state, the request for old age pension from the pension insurance system of the Slovak Republic is claimed at the Headquarters of the Social Insurance Company in Bratislava; or the claimant can file for it by completing the form “Request for Pension Filled Abroad” (see the Forms on Slovak page: http://www.socpoist.sk/formulare-ohc/48016s).
Transfer of an old age pensionPensions are paid in advance to a state, to which the coordination regulations of the European Union pertain, in regular monthly periods and always on the regularly repeated periodicity pay dates. In the case of a state, to which the coordination regulations of the European Union do not pertain, pensions are paid in regular three-month intervals always postponed after the submission of the “Life certificate of the pension beneficiary”. The periodicity pay date is determined for each person who is granted a pension benefit by the Social Insurance Company Headquarters. An old age pension may be transferred
to the account of the husband (wife) of the pension beneficiary maintained in a domestic bank or a branch of a foreign bank but only provided that the pension beneficiary submits a written claim, his/her husband (wife) as an account holder agrees with this type of transfer and the pension beneficiary has the right of disposal for this account during the time of his/her receipt of the pension.
|