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Retirement(pension)

Last activity 09 October 2018 by Fafanikolau

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Fafanikolau

Can someone please tell me wich are the minimum condition for retirement,by Maltas law?

Fafanikolau

How many years of work path you must to have,to get condition to retirement?

inbed79

Retirement Ages for Males & Females in Malta
    Years    Males retirement age
Born Between     ​Pension Age
​1952 and 1955     ​62
​1956 and 1958     ​63
​1959 and 1961     ​64
Born After Pension Age
​1961     ​65

A person can opt to retire at age 61, provided he/she is not in any gainful occupation and has paid the stipulated contributions between age 18 and date of retirement as follows;
Born Between​
    No. of Paid Contributions
​1952 and 1961     ​1820
​1962 and 1968        2080   
Born After     ​No. of Paid Contributions
​1968                      ​2132
Incentives for persons keeping their employment beyond their Pension age.

This is the first step the Government of Malta will be taking and thus initially, this incentive will be open to workers in the private sector and self-occupation as follows;
Retirement Pension Age     ​Opt to work till age*
   
% Increase in Pension Rate
    ​Entitlement at Age
​61     ​62     ​5     ​62
​62     ​63     ​5.5     ​63
​63     ​64     ​6     ​64
​64     ​65     ​6.5     ​65

socialsecurity.gov.mt/en/pensions/Pages/default.aspx
dont for get to put https:// before the socialsecurity.gov.mt/en/pensions/Pages/default.aspx

Fafanikolau

Thank you😀

Fafanikolau

How things are with foreigners? How many years they must to work?

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