X. Retirement Allowance and Pension
 

1. Retirement Allowance

National government employees receive a lump sum of non-contributory allowance at the time of their retirement.

The amount of retirement allowance is (final monthly salary) x (retirement allowance index). The index takes into consideration the number of years of service and the reason for retirement.

Retirement Allowance Index

2. Pension v

The pension scheme for government employees is operated by the National Public Employee Mutual Aid Association, participation in which is compulsory for all employees. The pension fund is furnished by contributions from employees and the government.

The mutual aid pension is, in principle, granted to those who retire after 25 years or more of service and pension payment starts from the age of 60. Full pension entitlement age will be deferred gradually from the year 2001, reaching 65 in the year 2013. The size of an individual pension is calculated according to the average salary of the retired employee throughout their entire years of public service, the number of years of service and the number of dependent family members meeting certain conditions.

Example of the Monthly Amount of Mutual Aid Pension Payment


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