Pension provision for unpaid periods
As from the beginning of 2006, you also accrue pension from the unpaid periods for which you are paid earnings-related benefits. These include
- training and rehabilitation benefits
- benefits in accordance with the Employment Accident Act and the Motor Liability Insurance Act
- unemployment daily allowance
- job alternation compensation
- maternity, paternity and parental allowance
- sickness daily allowance
Depending on the benefit, the pension is calculated at a rate of 65-117 per cent on the earnings used as the basis for your benefit. Your pension accrues at a rate of 1.5 per cent on the earnings used as the basis for your benefit, however, no less than according to a monthly salary of 656,08 euros (in 2011). The accrual requires that your earnings from employment insured in accordance with earnings-related pension legislation total no less than 15,746,08 euros (in 2011).
Pension also accrues from periods of study and child care
Your pension accrues from a period of study no longer than five years as if you were employed at a monthly salary of 656,08 euros (2011). Pension rights accrue if your studies conclude with completing a degree or qualification. Pension accrues for a period of childcare leave based on the same monthly salary until the child reaches the age of three.