Pension deferral increment

This increment is paid in cases in which there was no entitlement to an old age pension due to income from work or when, due to income from work, the insured person is only entitled to a partial old age pension and he or she has waived to receive it.

The pension deferral increment is 5% of the pension (including the seniority increment) for each year the payment of the pension was deferred due to income from work, between retirement ageThe age at which you will be entitled to the old-age pension, on condition that your income from work and from other sources does not exceed a certain amount. Income from work pension is not taken into account. This age is not uniform for everybody; it is determined in accordance with gender and date of birth. and the age of entitlement to old age pensionThis age is 70 for men and ranges from 65 to 70 for women, in accordance with their date of birth. At this age one is entitled to the old age pension without a means test (irrespective of income). .

Please note:

• Assessment of eligibility based on income test is made between retirement age and the age of entitlement to old age pension.
• Whether you had filed a claim after reaching retirement age and it appeared that you were not entitled to the pension due to income from work, the years during which you were not eligible for the pension due to income from work will be taken into account regarding your entitlement to a pension deferral increment.