Old Age Pension

  • until December 31, 2013 can request pension have reached retirement age 62 years, if person’s insurance period is not shorter than 10 years;
  • from January 1, 2014 pension reached retirement age is increased by three months every year – until January 1, 2025 it will be 65 years. Person’s insurance period is not shorter than 15 years;
  • until December 31, 2013 can request premature pension – 2 years before reaching retirement age, if the insurance period is not shorter than 30 years;
  • child’s parent or guardian whose length of period of insurance is not less than 25 years has the right to request the old-age pension 5 years sooner if he or she in the period until the child has reached the age of 18 years:

 has cared for five or more children for not less than eight years;

– or has cared for a child who according to the procedure established by the regulatory enactments has been  acknowledged a child with invalidity for a period of at least eight years;

– a person for whom the rights of child care or custody have been taken away or who has been withdrawn from the fulfillment of guardian’s duties due to inaccurate fulfillment of these duties shall not have such a right;

  • can request pension 5 years sooner, if a person has been a participant of the Chernobyl NPS nuclear clean-up and the insurance period is not shorter than 15 years;
  • it is possible to apply for pension with preferential conditions, if retirement age has been reached and a person meets the following requirements: 
    1. women disabled for life, if the insurance period is not less than 20 years (for men disabled for life reaching retirement age);
    2. women, who have raised five or more children or a child disabled since childhood up to 8 years of age, if the insurance period is not less than 20 years; 
    3. lilliputians, dwarfs and the blind with the insurance period not shorter than 15 years (for women) and 20 years (for men); 
    4. persons, who until 1996 have worked under particularly hazardous and particularly hard working conditions, if the insurance period is not shorter than 15 years (for women) and 20 years (for men) and at least one quarter from those have been performed under the above mentioned conditions; . 
    5. persons, who until 1996 have worked under hazardous and hard working conditions, if the insurance period is not shorter than 20 years (for women) and 25 years (for men) and at least one quarter from those have been performed under the above mentioned conditions;
  • from 18 July 2012, in compliance with Clauses 60 and 61 of the Transitional Provisions of the law, according to list 2 the right to request the old-age pension at the age of 60 shall be to men if their total length of period of insurance is not less than 25 years from which at least one fourth part has been worked in occupations with hazardous or hard working conditions.

persons, who have been prematurely granted the old age pension from January 1, 1996 until July 1, 2005 and who have been the obligatory socially insured persons without interruption (employees and self-employed persons) and who have not been granted the old age pension, have the rights to require the old age pension again.

Age needed for granting of old age pension

Person applying for the old age pension shall submit:

  • application for the pension;
  • work record or/and any other documents proving insurance period.

Additional documents (for some categories):

  • disability notification or excerpt from the statement of the Health and Work Expert Physicians Commission;
  • medical certificate issued to the child disabled since childhood;
  • document proving raising of a child until 8 years of age;
  • note from the employer confirming that the person has worked under hazardous and hard working conditions or particularly hazardous and particularly hard working conditions;
  • certificate of the Chernobyl NPS nuclear clean-up participant.

Insurance period is stated in accordance with the CM regulations from 23 April 2002 No 165 Procedure of proving, calculation and registration of insurance periods.

Documents can be submitted to any local office of the SSIA.

When applying for the pension a personal ID document has to be produced.

Old age pension is calculated taking into account applicant’s:

  • accumulated pension capital from January 1, 1996, until the pension granting month;
  • average insurance contribution wage from 1996 until 1999 (inclusive);
  • insurance period until January 1, 1996;
  • time period ( years), for which from the pension granting year the old age pension payment is planned.

Old age pension is taxable object in accordance with Article 3 (3) Subparagraph 14 and Article 13 of the Law On Personal Income Tax.

Minimum pension amount:

  • with the insurance period up to 20 years (inclusive) minimum amount of the old age pension is equal to the state social security benefit with the applied factor 1.1 ( 70,43 euro, to a disabled person since childhood – 117,39 euro);
  • with the insurance period from 21 up to 30 years (inclusive) minimum amount of the old age pension is equal to the state social security benefit with the applied factor 1.3 ( 83,28 euro, to a disabled person since childhood – 138,74 euro);
  • with the insurance period from 31 up to 40 years (inclusive) minimum amount of the old age pension is equal to the state social security benefit with the applied factor 1.5 (96,05 euro, to a disabled person since childhood – 160,08 euro);
  • with the insurance period from 41 years and more the minimum amount of the pension is equal with the state social security benefit with the applied factor 1,7 (108,85 euro, to a disabled person since childhood –181,42 euro).

Old age pension can be received at the place of residence or in the bank account or postal account system (PNS).

It must be considered delivery of pension to the place of clients’ residence is at their cost and the price is 1,74 euro.

Payment of old age pension to persons who are permanently moving to a foreign country

After year 2002, for persons who are permanently moving to a foreign country that is outside of the EU/EEA memberstates and with whom the Republic of Latvia has not signed an agreement in the social security field, pensions granted in the Republic of Latvia can be continued to be paid to a bank account in Latvia. In this case, it is necessary for the concerned person to contact the SSIA (Social Security Insurance Agency) department prior to leaving, he/she should provide personal ID, submit a claim for continued payment of their pension, specify the bank account of the credit institution in Latvia, as well as specify his/her new address of residence. If the concerned person has already moved to a foreign country and wishes to continue receiving their pension in Latvia, the previously stated documents should be sent by mail or submitted by the mediation of an authorized person, attaching to the claim a notarial certification (prepared no later than one month before submitting the claim) which testifies that the recipient of the pension is alive.

Henceforth, any person that is living in a foreign country and receiving a Latvian pension, will have to submit to the SSIA department (each year during the period 1st of October – 15th of December) a written claim for continued payment of a pension, sending it by mail or submitting it by the mediation of an authorized person. A notarial certification (prepared no later than one month before submitting the claim) which testifies that the recipient of the pension is alive has to be attached to the claim.

When submitting documents issued in foreign countries, they have to be formatted accordingly to the rules of document validation. If the document has been issued in a foreign language, a translation of the document might be necessary.

A claim for continued payment of a pension can also be submitted personally in the SSIA department, upon presenting personal ID. In this case, it is not necessary to present a notarial certification which testifies that the recipient of the pension is alive.

Published date: [03.12.2017]