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Retirement Benefit: 3. RETIREMENT BENEFIT 3.1. Overview
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Retirement Benefit


3. RETIREMENT BENEFIT

3.1. Overview This is the normal retirement benefit that is awarded to a person at the age of 63 and above.

The rate of Retirement Pension is Sr5, 050 monthly.

3.2 Eligibility Apart from being 63 years and above, a person must meet at least one of the following criteria relating to their residency status in Seychelles:

1) In the last 5 years prior to turning 63 the person must have not gone out of the country for more than 30 days, or Approved Rates RA Total Amount to be paid Number of days on maternity Leave minus the 2 days public holiday Number of working days in the month 6 2)

In the last 15 years prior to turning 63 the person must have not gone out of Seychelles for more than 5 years cumulatively.

If a person does not qualifies base on the above, then through a formal letter to the Agency for Social Protection the latter may seek a waiver of their non-eligibility to the Minister which the Agency forms parts of his/her portfolio.

3.3 Documents required:

  • Valid ID card,
  • Birth certificate,
  • An active bank account details,
  • copy of passport.