Pension insurance (first pillar)

If your only pension coverage is pension insurance under the first pillar – i.e. you are paying pension contributions only to the Social Insurance Agency – the only pension you will receive will be paid by the Social Insurance Agency.

The amount of your first-pillar pension will depend on:

• the number of years worked;
• earnings throughout working life;
• the value of the pension in the calendar year in which you become entitled to pension payments.

Further information is available at