Four Star Logo    Four Star Logo

GPSSA

Back

CHAPTER THREE: PAYMENT OF OLD - AGE, DISABILITY AND DEATH PENSIONS - Article 20

Last updated 09/23/2021 13:58 PM
The pension shall be calculated monthly on the basis of 60 % of the salary of pension calculation for the subscription periods included in the insurance reaching fifteen years. Such percentage shall increase by 2 % for every additional year and up to a maximum of 100 % of the salary of pension calculation.

Should the service period exceed thirty five years, the insured shall be granted benefit for the additional year amounting to the salary of three months for every year of the salary of pension calculation category.

With regards to the insured in the private sector, the last salary of pension calculation shall not be more or less than 20 % of the average salary of subscription calculation in the four preceding years or the actual subscription period, whichever is less.
Provide Feedback