Statutory pension

The public pension scheme provides for old age pension, disability pension and survivor’s pension. The old age pension is in most cases paid from the age of 67. The public pension is divided into a basic pension and supplementary pension. Both are means-tested. Pensions received from other sources are treated differently from other income and do not affect the basic pension and the level at which they begin to reduce the supplementary pension is much higher than for other income.

The State Social Security Institute operates the Public Pension system.