Pension Rights
Law provides for both full pension and old age allowance. For full pension, a worker must have attained 55 years of age with at least 60 months contributions during the 10 years prior to the entitlement. The worker must have been a member of NSSF for at least 20 years. Workers who don't meet the requirements of old age pension are entitled to old age allowance, paid as lump sum amount.
Sources: §8 of the Law on Social Security Schemes for Persons Defined by the Provisions of the Labour Law, 2002
Dependents' / Survivors' Benefit
Labour laws provide for survivor benefit for dependents including widow, widower, children and parents. If a worker dies (if he has met the requirements of entitlement to old age or invalidity pension or was already getting it), his dependents are entitled to survivors' benefit according to a formula devised by National Social Security Fund (NSSF).
If a member of NSSF dies but he/she is not entitled to invalidity pension and does not fulfil other requirements, the survivors are entitled to the survivor's allowance, provided as a lump sum in the amount of not less than monthly old age pension for the NSSF member.
Sources: §10-11 of the Law on Social Security Schemes for Persons Defined by the Provisions of the Labour Law, 2002
Invalidity Benefit
The above laws provide for invalidity benefit in the case of non-occupational accident/injury/disease resulting into permanent invalidity. An NSSF member is entitled to invalidity benefit on becoming disabled before the age of 55 years and with payment of contribution for 6 of the last 12 months prior to disability. The worker must have been a member of NSSF for at least 05 years. Law provides for invalidity pension according to a formula devised by NSSF.
Sources: §9 of the Law on Social Security Schemes for Persons Defined by the Provisions of the Labour Law, 2002
