Individuals enrolled in the voluntary social insurance scheme will qualify for a pension once they reach the statutory retirement age and have contributed to the scheme for at least 15 years, under provisions of the 2024 Social Insurance Law. The measure takes effect this year.
In 2026, the retirement age will be 61 years and six months for men and 57 years for women.
Monthly pension benefits for voluntary contributors will be calculated based on the average income used for social insurance contributions.
For female workers, the pension will equal 45% of this average income after 15 years of contributions, with an additional 2% added for each extra year, capped at a maximum of 75%.
For male workers, a pension rate of 45% applies after 20 years of contributions, with a further 2% increase for each additional year, also subject to a 75% cap.
Men with 15 to fewer than 20 years of contributions will receive a pension equivalent to 40% of the average contribution-based income for 15 years of participation, plus an additional 1% for each extra year contributed.
Individuals enrolled in voluntary social insurance are also eligible for a lump-sum retirement benefit. Under the regulations, male contributors with over 35 years of participation and female contributors with more than 30 years will receive a one-time payment in addition to their monthly pension upon retirement.