Can one still benefit from early retirement dismissal?
Verified 01 January 2022 - Legal and Administrative Information Directorate (Prime Minister)
No. It is no longer possible to apply for the special allowance of the National Employment Fund (NFE), preretirement-termination, since 10 October 2011.
Only those employees who had already received the allowance on that date continue to receive it until the end of their rights.
The amount of the special allowance is calculated as follows:
- 65 % of the reference salary up to €3,428 per month
- 50 % of this salary beyond €6,856.
The minimum amount of the allowance shall be €32.53 per day.
The allowance shall be paid at the latest up to the age at which the beneficiary is automatically entitled to a full-rate pension. This age varies according to the date of birth of the beneficiary, under the following conditions:
Year of birth | Retirement age automatic full rate | Insurance time required for a full-rate pension |
|---|---|---|
1954 | 66 years and 7 months | 165 quarters (41 years and 3 months) |
1955 - 1956 - 1957 | 67 years | 166 quarters (41 years and 6 months) |
1958 - 1959 - 1960 | 67 years | 167 quarters (41 years and 9 months) |
1961 - 1962 - 1963 | 67 years | 168 quarters (42 years) |
1964 - 1965 - 1966 | 67 years | 169 quarters (42 years and 3 months) |
1967 - 1968 - 1969 | 67 years | 170 quarters (42 years and 6 months) |
1970 - 1971 - 1972 | 67 years | 171 quarters (42 years and 9 months) |
1973 and later | 67 years | 172 quarters (43 years) |