The General Authority for Pensions and Social Security recently highlighted that the existing pension laws administered by the Authority do not offer the insured individuals a choice between opting for a pension or a reward.
Instead, the determining factor for the type of insurance benefit received hinges on the duration of service as an insurance participant. It was stressed that advancing in age upon voluntary resignation doesn't obstruct an individual from being recognized as legally retired. Age requirements only apply to pension disbursement, not entitlement. Once an individual meets the eligibility criteria for receiving a pension based on their service duration, they enter the category of retirees. Notably, pensions are not paid retroactively upon assessment.
The Authority launched an awareness campaign earlier this year titled "Know Your Law." As part of this initiative, it reviewed the cases of pension entitlement outlined in Article 13 of Decree Law No. 57 of 2023. These provisions are applicable to new entrants under the General Authority for Pensions and Social Security starting October 31, 2023. However, individuals already covered before this date fall under the regulations of Law No. 7 of 1999.
Among the entitlement cases highlighted, the most significant include termination of service due to death, total disability, or health unfitness for work. Both total disability and health unfitness for work must be substantiated by a decision from the relevant medical committee. Importantly, the law does not specify that death or disability must result from work-related injuries.
Additionally, entitlement to pension arises when an individual's service concludes upon reaching retirement age, provided their insurance participation spans at least 15 years. If this duration is not fulfilled, the individual is entitled to an end-of-service reward. Employers are encouraged to facilitate the completion of this period to ensure employees benefit from the advantages conferred by the law.
Various scenarios entitle individuals to a retirement pension, including dismissal by disciplinary or judicial decisions after 30 years of service and reaching the age of 55. Women meeting specific criteria, such as having children, may qualify for pension benefits at reduced thresholds.
Moreover, pensions are granted upon the end of service due to federal or local decrees, with associated costs borne by the relevant government treasury. Finally, individuals with 30 years of service and reaching 55 years of age are entitled to a pension when their service concludes for reasons beyond those outlined in previous clauses.
