What should I do with my overseas pension? (Inquiry)

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Today, working abroad has become a common part of our working lives. However, this is also reflected in the entitlement to pension benefits, which is why it is important to take into account the years spent abroad when retiring.Have you ever worked outside Slovakia?Pensions can also come from several countries

Today, working abroad has become a common part of our working lives. However, this is also reflected in the entitlement to pension benefits, which is why it is important to take into account the years spent abroad when retiring.

In the previous part of our consultation, we dealt with individual methods as much as possible. Payment of pensionsHowever, its amount may also depend on whether the pensioner worked abroad. If so, they are also entitled to take into account relevant years of service outside Slovakia.

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The number of years spent working abroad is also taken into account when assessing pension entitlements. Notify Social Insurance Companyit is not necessary to hold citizenship of the Slovak Republic to be entitled to a pension from the SR pension insurance. “In contrast to the legal status in force before January 1, 2004, pension applicants no longer even need to have permanent residence in the territory of the Slovak Republic,” Determined by the insurance company.

If he had insurance Pension beneficiary Even in countries outside Slovakia, the assessment of his pension rights will depend on whether he has pension insurance:

in a Member State of the European Union, the Kingdom of Norway, the Republic of Iceland, the Principality of Liechtenstein or the Swiss Confederation (hereinafter referred to as the “country to which the EU Harmonisation Regulation applies”) or
Countries with which the Slovak Republic has concluded international social security agreements.

If Slovakia has concluded an international agreement on social security with a country to which the EU harmonization regulations also apply, the provisions of the international agreement on social security will not in principle apply in the mutual relations between Slovakia or other contracting States after their accession to the EU, but the procedure is the EU harmonization regulations.

Have you ever worked outside Slovakia?

Yes

If the insured person has not obtained pension insurance years in accordance with Slovak law, but has obtained insurance years in another country or Contracting State to which EU harmonization provisions apply, then the entitlement shall be assessed pension Periods for pension calculation purposes under the legislation of other states will also be taken into account, according to the Social Insurance Institutions.

Pensions can also come from several countries

If the right to a pension arises after taking into account a period of insurance acquired in another State to which the EU harmonisation Regulation applies or in a Contracting State, each State will pay the amount of the pension corresponding to the period of insurance acquired under its legislation. Social Insurance Therefore, pensions are recognized and paid in an amount equal only to the pension insurance period and income earned in Slovakia. “However, if a state insured person has obtained insurance for less than one year, the state will not pay a pension in principle. In this case, the state in which the pension is paid will take into account the fact that the insurance period is less than one year. Provided by insurance company.

Different legal systems apply to international social security agreements based on the territorial principle, according to which pensions are granted and paid by the Contracting State in whose territory the insured person has permanent residence. You can find more information about international agreements On this link.