Pension Scheme for Police Officers and Soldiers
Výsluhové zabezpečenie policajtov a vojakov
Coverage
Mandatory insurance
- Police officers and soldiers.1
Financing
General finances
- Mainly PAYG-financed from insurance contributions.
- Partly tax-financed out of the general budget.
Contribution payments
- Fixed share of monthly gross earnings shared between the employer (20%) and the police officer/soldier (7%) without contribution assessment ceiling.
Taxation of contribution payments
- Contributions are tax-exempted.
Administration
- The ‘Institution of Service' administers the scheme (incl. verification of pension rights/entitlements, calculation of pension benefits and payment thereof): for the police officers - the social security department of the given ministry (Ministry of the Interior; the Police Corps or the Fire and Rescue Corps; the Mountain Rescue Service; the Ministry of Justice of the Slovak Republic, the Prison and Judicial Guard Corps; the Slovak Information Service; the National Security Office; Ministry of Finance; Slovak Financial Directorate; Ministry of Defence); for the professional soldiers - the Military Social Security Office.
Qualifying Conditions
- Minimum service period of 25 years without a specified retirement age.
- If a soldier/police officer does not meet the minimum period of service required for retirement, the obtained insurance period will be credited towards pension entitlement in the statutory old age pension scheme.
Benefits
Pension benefits
- Primarily based on earnings from last ten years before retirement and years of service.
- Minimum amount: no specification in the law regarding the fixed minimum amount.
- Maximum amount: no specification in the law regarding the fixed maximum amount of pension benefits.
Factors for benefit calculation
- The base for calculating the retirement pension is determined from the average monthly salary obtained during the last ten calendar years before the date of termination of service: for 25 years of service the benefit amount is 37.5% of the base; for the 26th completed year of service and each subsequent year of service up to and including the 30th year of service, the benefit amount is increased by 2% of the base; for the 31st year of service and each additional year of service up to and including the 35th year of service, the benefit amount is increased by 3% of the base; for the 36th completed year of service and each subsequent year of service, the benefit amount is increased by 0.5% of the established base (up to a maximum of 65% of the base).
Taxation and social security contributions
- Pension payments are not subject to tax.
- Pension payments are not subject to social security contributions.
Coverage
Financing
Administration
Qualifying Conditions
Benefits
Mandatory insurance
- Police officers and soldiers.1
General finances
- Mainly PAYG-financed from insurance contributions.
- Partly tax-financed out of the general budget.
Contribution payments
- Fixed share of monthly gross earnings shared between the employer (20%) and the police officer/soldier (7%) without contribution assessment ceiling.
Taxation of contribution payments
- Contributions are tax-exempted.
- The ‘Institution of Service' administers the scheme (incl. verification of pension rights/entitlements, calculation of pension benefits and payment thereof): for the police officers - the social security department of the given ministry (Ministry of the Interior; the Police Corps or the Fire and Rescue Corps; the Mountain Rescue Service; the Ministry of Justice of the Slovak Republic, the Prison and Judicial Guard Corps; the Slovak Information Service; the National Security Office; Ministry of Finance; Slovak Financial Directorate; Ministry of Defence); for the professional soldiers - the Military Social Security Office.
- Minimum service period of 25 years without a specified retirement age.
- If a soldier/police officer does not meet the minimum period of service required for retirement, the obtained insurance period will be credited towards pension entitlement in the statutory old age pension scheme.
Pension benefits
- Primarily based on earnings from last ten years before retirement and years of service.
- Minimum amount: no specification in the law regarding the fixed minimum amount.
- Maximum amount: no specification in the law regarding the fixed maximum amount of pension benefits.
Factors for benefit calculation
- The base for calculating the retirement pension is determined from the average monthly salary obtained during the last ten calendar years before the date of termination of service: for 25 years of service the benefit amount is 37.5% of the base; for the 26th completed year of service and each subsequent year of service up to and including the 30th year of service, the benefit amount is increased by 2% of the base; for the 31st year of service and each additional year of service up to and including the 35th year of service, the benefit amount is increased by 3% of the base; for the 36th completed year of service and each subsequent year of service, the benefit amount is increased by 0.5% of the established base (up to a maximum of 65% of the base).
Taxation and social security contributions
- Pension payments are not subject to tax.
- Pension payments are not subject to social security contributions.
1 The term ‘police officer’ refers to the members of the Police Force, the Slovak Information Service, the National Security Authority, the Corps and Prison Court Guard, the Railroad Police, the Fire and Rescue Brigade, the Mountain Infantry Service, and the armed customs officers.
Legal Basis: Act No. 328/2002 on the Social Security of Police Officers and Soldiers and the amendment of certain laws (Zákon o sociálnom zabezpečení policajtov a vojakov).