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 Pensions

 
  • Old Age Pension

  • Old Age Pension

    It is a pension paid on a monthly basis to the insured employee who are covered under to the Social Insurance Law and at the same time has reached the legal age and completed the contribution period qualifies for this type of pension.

    Entitlement requirements:
    • The insured has reached sixty years of age as long as his service period is (15) years.
    • The insured has reached fifty five years of age as long as his service period is (10) years.
    • The insured does not receive another pension from any other government unit.
    Calculation Method

    3%x Av. gross salary of the last five years x Number of full contributions years under the insurance scheme

    The required documents
    • Filling out the payment application form.
    • True copy of valid ID card.
    • True copy of the document indicating the bank account number.
  • Early Old Age Pension

  • Pension for Non-Occupational Death

  • Pension for Non-Occupational Disability