Overview

The Contributory Retirement Pension may be awarded to a person who reaches retirement age.

What you'll get

The Contributory Retirement Pension is paid every 4 weeks in advance.

There are 3 categories of pensions a person can receive:
• TTP - Two-Thirds Pension for claimants who paid an amount of contributions and income declared
• RP - Retirement Pension for claimants in receipt of Service Pension
• NMP - National Minimum Pension is for Insured claimants who paid contributions prior to the 31st January 1979. However, a person who paid contributions both prior and after mentioned date have both NMP and TTP assessed and awarded the most beneficial

Please click here for a Schedule of Benefit Rates.

You may make use of an online calculator to calculate your potential Contributory Retirement Pension pension entitlement.

Eligibility

A person may be eligible to a Contributory Retirement Pension, if s/he satisfies a set of statutory conditions. The following criteria must be fulfilled:

1. If a person is born:
• Between 1952 and 1955, the retirement age is 62 years.
• Between 1956 and 1958, the retirement age is 63 years.
• Between 1959 and 1961, the retirement age is 64 years.

• On the 1st January 1962 or after, the retirement age is 65 years.

However, if a person who reaches 61 years of age can opt for an earlier retirement as follows:
• 35 years, paid or credited contributions for a person born during calendar years 1952 to 1961 (total number of Social Security Contributions required for this period is 1820).
• 40 years, paid or credited contributions for a person born during calendar years 1962 to 1968 (total number of Social Security Contributions required for this period is 2080).
• 41 years, paid or credited contributions for a person born on or after 01 January 1969 (total number of Social Security Contributions required for this period is 2132).

2. Claimant has been employed or self-employed prior to retirement.

3. On the date of retirement, claimant satisfies the relevant Social Security Contribution conditions.

4. A Contributory Retirement Pension is awarded as from the day following date of retirement.

Related documentation:

- For the Data Protection Statement, click here.

- For the User Manual, click here.

How to apply

Fill in the online form and submit.

A Contributory Retirement Pension application is automatically initiated by the Department of Social Security 3 months prior to retirement age. In addition, a notification letter is sent to a prospective pensioner requesting any missing details for the award of a Contributory Retirement Pension should this be the case. If the notification letter is not received, or a person may wish to opt to apply for a Retirement Pension, claimant may do so by submitting the prescribed application.

The claim for retirement pension must be completed within 6 months of the retirement date. When the claim is not completed within this period, the pension will be payable with effect from the Saturday following the day on which the claim is completed.
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