GN 01753.020 Slovak Old-Age Benefits Eligibility Requirements
A. Eligibility requirements for Slovak social security benefits
This section describes retirement, survivors, and disability benefits. These are the only Slovak benefits included within the scope of the agreement.
NOTE: The retirement age in the Slovak Republic is in the process of transition. Prior to 2004, the retirement age for women was as low as age 53. Starting in 2004, this age began to increase. For men born 1946 or later, the retirement age is 62. For women, each year the retirement age rises until it reaches age 62 for those born in 1953, i.e., in 2015. However, under current rules, the retirement age will remain below age 62 until 2024 for some women, based on number of children. From 2017, the retirement age in the Slovak Republic will rise with increases in life expectancy.
B. Types of Slovak retirement benefits
To qualify for old-age retirement benefits, a worker must meet certain age requirements:
men must be age 62; for women, the age varies depending on birth year and number of children; and
have 15 years of contributions.
2. Early retirement
To qualify for early retirement benefits, a worker must:
be no more than 2 years from retirement age;
have at least 15 years of coverage under the first pillar system;
cease all work activity; and
qualify for an early retirement pension that is at least 1.2 times the legally defined subsistence wage.
Additionally, from September 1, 2012, contributors to the second pillar fully funded contributory system must: