In 2021, the current deferred old-age pension was replaced by a new flexible old-age pension.
Only those who reached an old-age pension before 2021 and have not yet applied for a pension will retain the possibility of deferred old-age pension. They can choose whether they want to remain on the deferred old-age pension in the future or use the possibilities of the new flexible old-age pension. The conditions for receiving a deferred old-age pension will not change.
If you remain on a deferred old-age pension, your old-age pension will increase by 0.9% for every month that has passed, reaching the age of old-age pension.
For example, if you apply for a deferred old-age pension two years after reaching old age pension age, your monthly old-age pension will increase by 24 months x 0.9% = 21.6%.
- An example. Paul has 30 years of pensionable service. He wanted to postpone receiving his pension for three years. His pension is, therefore, higher by 0.9% x 36 = 32.4%
The amount of the pension is 275.7562 (base part) + 30 (years of service) x 7.718 (annual grade) = 507.2962 + 32.4% = 671.6602 euros.
If you are already receiving some other type of pension, including from a foreign country, you are not entitled to a deferred old-age pension.
Last updated: 04.04.2023