It is a pension paid on a monthly basis to the insured employee who are covered under the Social Insurance Law and at the same time has reached the legal age and completed the contribution period that qualifies for this type of pension.
- The insured has reached sixty years of age as long as his service period is (15) actual years.
- The insured has reached fifty five years of age as long as his service period is (10) actual years.
- The insured does not receive another pension from any other government unit.
3%x av. gross salary of the last five years x number of full-year contributions under the insurance scheme.
The required documents
- True copy of the document indicating the bank account number.