Can foreigners receive a Slovak pension?

Foreigners living in Slovakia can apply for a local pension if they meet several important conditions.

The length of service in this country must be at least 15 years. This means that pension contributions must be made during this entire period. Payments can be made if you are an employee, an entrepreneur or a voluntarily insured person. This also includes periods of social insurance in countries with which a bilateral agreement on social security has been concluded.

The size of the pension is affected by length of service, income level and participation in additional pension insurance. Pensioners do not pay for prescribed medications or for travel on public transport throughout the country. Every year the state accrues additional amounts: 13th pension, Christmas allowances.

The retirement age in the SR is 64 years. But it can be reduced. For example, by 6 months for each child being raised (the maximum reduction is 18 months). Some labor categories provide for earlier retirement after working a certain number of years. There are also early pensions for those who have lost their jobs and who have no more than two years left before reaching retirement age, or who already have at least 40 years of service with pension payments.