Luxemburg
1. Old-age pension
The legal retirement age is 65.
2. Early retirement
The beneficiary can however retire at age 60 if s/he can prove that insurance has been paid for 40 years (480 months) or for a period treated as 40 years, or at age 57 if s/he can prove that insurance has been paid for 40 years (480 months).
3. Survivor’s pension
A survivor’s pension can be paid:
- to the surviving spouse, widow or widower;
- oto the divorced spouse;
- if the beneficiary dies without leaving a surviving spouse, then the pension is paid to direct blood relatives and direct relatives by marriage and to collateral blood relatives up to the second-degree;
- to the children of the beneficiary and possibly to the surviving spouse if married to the deceased for at least one year, unless a child is born from this union or the death is accidental.
4. Invalidity pension
A beneficiary is considered invalid if ‘following prolonged sickness, infirmity or exhaustion s/he is incapable of exercising the occupation s/he followed most recently or of exercising any other occupation corresponding to his/her strengths and aptitudes’. To be in receipt of an invalidity pension, the beneficiary must provide evidence that s/he has paid 12 months’ insurance over the three years prior to the date on which invalidity was certified during the medical examination performed by the social security body, or on which sickness benefit expired. It is not necessary to be insured when the invalidity occurred.
The amount of the pension is made up of flat-rate allowances based on the period of coverage and proportional allowances based on the beneficiary’s professional income on which insurance contributions were calculated during his/her professional career.
