Segments Amendment:

The insured may request an amendment to the monthly income bracket in order to move to the direct next higher bracket provided that he/she spends 5 years in the same income bracket if he/she is 50 years old and 3 years if he/she is less than that age.  

Insurance Benefits:

1. If the insured reaches the age of 65 and completes a minimum of 20 years’ service; even if he/she is still carrying on their activities.

• Pension is calculated on 70% of the pensionable salary for 20 years.
• Pension increases 2% for every additional year to reach a maximum of 100% of the pensionable salary.

2. If the insured became disabled and could not fully perform his/her activity subject to the medical committee confirming the disability.

• Pension is calculated on 60% of the pensionable salary for a period of 15 years of service.
• Pension increases 2% every additional year to reach a maximum of 100% of the pensionable salary. 

3. In the event of death, the pension is paid to beneficiaries in accordance with the provisions of the law.

End of Service Gratuity Entitlement:

The insured receives this if he/she is not entitled to a pension salary and provided that the period of service is not less than one year. The gratuity is calculated as follows:

• The salary of one month and a half for each year of participation for the first five years.
• The salary of two months for each year of participation for the following five years.
• The salary of three months for each additional year. 

Pension and Gratuity Calculations:
Income segments average for the last five years of service or the entire service years if it was less than five years.