OAEE: Express pensions in 45 days

Approximately 30,000 insured are expected to get 80% of their pension an OAEE circular states, ending the fear of thousands of members, as it will also unblock the process for an early pre-pension. So far those who wanted to retire feared the time they needed until the money would enter their accounts. But now the freelancers will take early retirement in 45 or 75 days the most if they have sequential insurances in different funds.

As Ethnos newspaper writes, the temporary pension reaches 80% of the final pension amount and in no case will it be less than 90% of its current threshold.

Also, the circular deals with issues of those who leave after the recognition of notional years or cease their profession without having submitted the necessary documents.

Furthermore, there will be no temporary pension if the insured is indebted and the amount exceeds 30 times the minimum pension age OAEE or 20 thousand euros for new insured. In case of a full payment the insured will be allowed to receive a temporary pension.

The submission of the documents within three months from the date of the pension request is inextricably linked with the obligation of the employee to check the completeness of the information presented and inform the prospective pensioner for the need to file the necessary documents within the prescribed period of three months. Immediately after that the pensioner will receive the temporary pension.

As the article reads, OAEE is also expected to retroactively implement the arrangements for pension claims which were pending for quite a while now.