Old-age pension

Entitlement to old-age pension is conditioned by the acquisition of the required period of insurance and reaching a specified age (i.e. pensionable age, or an age derived therefrom or age 65).

As of 1 January 2010, there were some amendments to Act No. 155/1995 Coll., on pension insurance. The retirement age and the required insurance period for entitlement to old-age pension were newly determined, and there were also certain changes to the determination of the pension amount. The pensionable age was further increased with effect from 30 September 2011.

The pensionable age for entitlement to old-age pension was changed from 1 January 2018: the highest pensionable age is 65 years.

In addition to entitlement to old-age pension before reaching the pensionable age (see below), the legislation also distinguishes entitlement to old-age pension determined in accordance with:

• Section 29(1) of Act No. 155/1995 Coll., on pension insurance (old-age pension upon reaching the pensionable age)
• Section 29(2) of Act No. 155/1995 Coll., on pension insurance (so-called “proportional” old-age pension)
• Section 29(3) a) of Act No. 155/1995 Coll., on pension insurance (old-age pension upon accumulating 30 years of insurance)
• Section 29(3) b) of Act No. 155/1995 Coll., on pension insurance (old-age pension upon accumulating 15 years of insurance and reaching pensionable age according to Section 29(2) of Act No. 155/1995 Coll., on pension insurance)
• Section 29(4) of Act No. 155/1995 Coll., on pension insurance (old-age pension upon fulfilling the conditions for entitlement to a disability pension).