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If poor health persists, loss of income can really complicate life. The state helps people in these situations through the disability pension, which should make up for the drop in income. In the next part of the consultation we will look at what the disability pension depends on and how it is paid.
Disability Pension The insured person should be guaranteed an income in the event of a reduction in his or her ability to engage in gainful activity. We discussed the specific procedures for applying for a disability pension In the previous section Our consulting room. In this article, we look at what the exact amount of this type of pension benefit depends on.
Disability pension amount According to the regulations of the Social Security Insurance Company It depends on the length of the pension insurance obtained. “the period of pension insurance you had before disability arose, plus the period from the time you became entitled to a disability pension until you reached retirement age,” Provided by insurance company.
The doctor’s opinion is also important.
The amount of the disability pension also depends on the determined rate of decline in the ability to engage in gainful activity. This is determined by the examining doctor of the social insurance company based on an assessment of the health condition. The final factor that influences the amount of the disability pension is the amount of gross income earned by the insured during his or her working life. Contributions to the social insurance fund are also included in the gross salary. “All necessary data are always determined in a specific procedure concerning the entitlement of a specific insured person to a disability pension. ” Point out Social Insurance Company.
Do you receive or know someone in your area who receives a disability pension?
Disability pensions are paid monthly in advance and are always paid on regular recurring dates determined by the social insurance agency. Pension Benefits Payment is made to the account specified when submitting the pension application. Disability pensions can also be paid in cash, but this must be applied for in advance.
Important Information:
Pension benefits can also be paid into your spouse’s account if you request it, and you have the authority to dispose of the account and your spouse agrees.
Disability pensions can also be collected from social services agencies. “If you are placed in a social services agency, your pension will be transferred to that agency via a bulk voucher., If you do not request an alternative pension remittance method, Notify Social Security.
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