Pension also accrues from periods of social benefits

From 2005, pension will also accrue from unpaid periods for which certain earnings-related daily allowances are paid. The State will pay pension for unpaid periods of childcare (child under 3 years of age) or study. The pension will accrue on the basis of the earned income on which the benefit is calculated or on the basis of a fixed sum in euros as laid down in the law. Regardless of the age of the recipient the annual rate of accrual is 1.5 per cent. These benefits alone cannot, however, accumulate pension but a person needs to have real earnings of at least EUR 15 469,61 (2010).

The basis for pension accrual for periods covering

• Maternity, paternity and parent’s allowances will be 117 per cent of the earnings on which the daily allowance is based.
• Earnings-related unemployment allowance will be 75 per cent of the salary on which the allowance is based.
• Pension benefits accrue from job alternation leave. As the basis of daily allowance, 75% of earnings until the end of 2009 is taken into consideration and 55% starting 1 January 2010.
• Sickness allowances, special care allowances and accident, traffic accident and military injuries compensation will be 65 per cent of the salary on which the allowance is based.
• Unpaid periods of childcare (child under 3 years of age). The basis for the accrual of pension is EUR 644,56 per month.
• A maximum of five years of study leading to a vocational qualification. The basis for the accrual of pension is EUR 644,56 per month.