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| 2. You have reached the age of eligibility for an old-age pension |
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There are two dates connected with determining the age entitling you to an old-age pension.
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| First age - Retirement age | |
When you reach retirement age, you will be entitled to receive an old-age pension provided that you pass an income test, that is provided that your income from work does not exceed (or exceeds by only a small amount) the maximum income, and provided that your income from sources other than work, such as income from property or interest on investments, does not exceed (or exceeds by only a small amount) twice the maximum income. Income from a pension is not taken into account.
Up to June 30, 2004, the retirement age was 65 for men and 60 for women.
As of July 1, 2004, the retirement age is no longer rather is determined according to one's date of birth.
the retirement age for men is from 65 to 67 and for women is from 60 to 64, as can be seen in the following tables: |
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| Second age - age of entitlement to old-age pension | |
If you were not entitled to an old-age pension at the furst age (retirement age) because you had high income, at the second age (age of intitlementto old-age pension) you will be entitled to pension irrespective of your income.
Up to June 30, 2004, this age was 70 for men and 65 for women.
As of July 1, 2004, the age of entitlement for men is still 70, and for women it is between 65 and 70, depending in date of birth, as can be seen in the following table.
Age of Entitlement to Old-age Pension for women: |
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