Conditions and Mechanism for Obtaining Old-Age Pension

Conditions and Mechanism for Obtaining Old-Age Pension
Conditions and Mechanism for Obtaining Old-Age Pension
The Public Social Security Corporation clarified in a statement issued by its media center that the conditions for obtaining the old-age pension are as follows:اضافة اعلان

The male insured must have completed the age of 60, and the female insured must have completed the age of 55.

The insured must have a minimum subscription period of 180 contributions, which equals 15 years, with at least 84 actual contributions (equivalent to 7 years). "Actual contributions" refers to mandatory contributions through a workplace, voluntary contributions, or periods for which unemployment benefits were paid.

The Corporation explained that an insured person who meets the eligibility criteria for the old-age pension can stop their subscription and apply for the pension by logging into their personal account on the Corporation’s website, mobile app, or the government app "SAND" (Sustainable National Digital). From the retirees' services, they can select the "Request Old-Age Pension" service, fill in the required information, and submit the application.

The Corporation also emphasized the importance of the insured person providing their bank account number (IBAN) through the channels provided by the bank where they wish to have their pension transferred.