20.10.2022

UNDER WHAT CONDITIONS IS THE TEACHERS' PENSION FUND USED?

Due to the specific nature of their work, teachers acquire the right to early retirement at a lower age and a shorter insurance period. They are additionally insured for old age with a separate insurance contribution and in the Teachers' Pension Fund, and the amount of the insurance contribution is entirely at the expense of the insurer.

The funds from the fund are used to pay pensions and supplements for teaching experience. What are the specifics regarding the teacher's internship and what are the mechanisms of action of the Teacher's Pension Fund?

Teaching experience is the insurance experience spent on a teaching or educational position in educational and educational institutions. The insurance experience of principals and deputy principals of educational and educational institutions is also considered to be teaching experience, if they have completed the full norm of mandatory teaching work.

Teaching experience is also the insurance experience of persons occupying positions according to a list approved by the Minister of Education and Science, agreed with the head of the National Social Security Institute, if they meet the requirements for occupying the position of "teacher" or "educator", according to the acquired education, professional qualification and legal capacity, and have fulfilled the full norm for compulsory teaching work.

The positions that are included in this list are comprehensively listed in the Ordinance on pensions and insurance service and include positions such as assistant director with teaching employment, head of the educational computing office, pedagogical advisor, teacher, educator, etc.

The social security experience completed after January 1, 2007 in the position of "educator" in homes for children deprived of parental care, and the social security experience completed after January 1, 2008 in the position of "educator" in the other specialized institutions for the provision of social services for children or in other places for the provision of social services in the community, as well as the insurance experience completed after January 1, 2009 in the position of "teacher" or "educator" in homes for medical and social care for children and in nurseries.

The annual budget of the Teachers' Pension Fund is adopted by the law on the state social insurance budget for the relevant year as an annex thereto and is not included in the consolidated budget of the state social insurance. In the event that the law on the state social security budget for the relevant year is not adopted by the National Assembly by the beginning of the budget year, the income of the Teachers' Pension Fund is collected and the expenses are carried out in accordance with the current regulations.

Funds raised in the Teachers' Pension Fund are used to pay pensions and supplements. The primary administrator of the funds of the Teachers' Pension Fund is the manager of the National Social Security Institute, and secondary administrators are the heads of the territorial divisions of the National Social Security Institute. The administrative, technical, accounting, legal and information services of the Teachers' Pension Fund are carried out by the National Social Security Institute.

Reference:

Art. 19, para. 1 and 3 of the Ordinance on pensions and insurance service

Art. 6, para. 7 of the Social Security Code

Art. 20a. from the Social Security Code