How to receive pension?

GE Money Pensija 2nd pension pillar

After reaching the retirement age you will have the right to choose the following ways of receiving pension:

• A possibility to receive pension together with the state guaranteed 1st pillar pension in the form of monthly pension payment.
• A possibility to choose a "Permanent life insurance policy", thus directing the accrued capital to any of insurance companies, which will allow you to suspend the receipt of pension up to 10 years and allow the capital to earn greater pension. By choosing a "Permanent life insurance policy" in case of death your accrued pension capital will be inherited by your spouse.

GE Money Pensija 3rd pension pillar

• One can claim for the 3rd pension pillar additional capital already upon reaching the age of 55 years. One can receive pension in the following ways:
• A possibility to receive the whole accrued additional pension sum at once as one payment,
• A possibility to divide the additional pension capital into several payments, thus providing additional monthly means for oneself,
• A possibility to suspend the receipt of pension, continuing to accrue pension capital by making contributions into the private pension fund