Pensions FAQs - Index

 Pensions information

 Retirement age in Malta

 Pensionable Income

 Full-Pension entitlement rules

 Pension reform documents

 Retirement Pension:

[FAQs] [General Information] [Application Form ]

 Age Pension:

[FAQs] [General Information] [Application Form ]

 Widows Pension:

[FAQs] [General Information] [Application Form ]

 Invalidity Pension:

[FAQs] [General Information] [Application Form ]

 Disability Pension:

[FAQs] [General Information] [Application Form ]

 Blind Pension:

[FAQs] [General Information] [Application Form ]

 Carer’s Pension:

[FAQs] [General Information] [Application Form ]

Retirement Age for Males and Females in Malta

Males

Females

Born on or before

31st December 1951

61

60

Born during

1952 to 1955

62

62

Born during

1956 to 1958

63

63

Born during

1959 to 1961

64

64

Born on or after

1st January 1962

65

65

* Those receiving a pension but are still gainfully occupied are still obliged to pay their social security contributions up to the attainment of the age of 65.
For social security contributions information Click here.

Pensionable Income

Effective Date

Weekly Pension

Maximum
Pensionable Income for persons born on or after
1st January 1962 retiring on or after the 1st January 2007

Maximum 2/3rds Pension per annum

1st January 2013

€268.78

€20,964.35

€13,976.33

1st January 2012

€252.33

€19,681.64

€13,121.09

1st January 2011

€235.88

€18,398.93

€12,265.95

Effective Date

Weekly Pension

Maximum
Pensionable Income for persons born before
1st January 1962 retiring on or after the 1st January 2007*

Maximum 2/3rds Pension per annum

1st January 2013

€226.04

€17,631.02

€11,754.08

1st January 2012

€223.32

€17,418.86

€11,612.64

1st January 2011

€220.21

€17,176.54

€11,450.92

1st January 2010

€219.44

€17,116.22

€11,410.88

1st January 2009

€215.56

€16,813.58

€11,209.05

1st January 2008

€212.84

€16,601.42

€11,067.61

1st January 2007

€210.51

€16,419.94

€10,946.63

1st January 2006

€207.79

€16,207.78

€10,805.19

1st January 2005

€204.30

€15,935.24

€10,623.49

* Maximum Pensionable Income for persons born on or before the 31st December 1951 shall not exceed €17,470.30
* Maximum Pensionable Income for persons born in the calendar years 1951 to 1961 shall not exceed €20,964.36

Full-Pension Entitlement calculation rules

Born

Years of Contributions required

Employed persons

Self-employed & Self-occupied persons

Before 1952

30

Average best 3 consecutive years out of the last 10 consecutive calendar years of the basic wage or salary

Average of the last 10 calendar years of the net contributory income

During 1952 - 1955

35

Average best 3 consecutive years out of the last 11 consecutive calendar years of the basic wage or salary

Average best 10 consecutive years out of the last 11 consecutive calendar years of the net contributory income

During 1956 - 1958

35

Average best 3 consecutive years out of the last 12 consecutive calendar years of the basic wage or salary

Average best 10 consecutive years out of the last 12 consecutive calendar years of the net contributory income

During 1959 - 1961

35

Average best 3 consecutive years out of the last 13 consecutive calendar years of the basic wage or salary

Average best 10 consecutive years out of the last 13 consecutive calendar years of the net contributory income

After 1961

40

Average of the basic wage or salary or net income or net earnings of the best 10 calendar years within the last 40 calendar years