What are the statutory pension benefits in Luxembourg?

In Luxembourg, statutory pension benefits cover old-age benefits, disability benefits, and survivor benefits.

Old-Age Benefits:

• A retiring employee is eligible for an old-age pension at age 65 if they have made at least 10 years' worth of paid or credited contributions.
• If an employee has made contributions for at least 40 years, they are eligible to retire with an early pension at age 60 or 57.
• Retirees receive a basic monthly payment based on the number of years they have been covered, in addition to a yearly bonus equivalent to 1.85% of adjusted lifetime earnings.

Disability Benefits:

• To be eligible for a disability pension, an employee must be under 65, unable to perform the duties of their most recent job or any similar job, and have had at least 12 months of social security benefits during the 3 years prior to the start of their disability.
• The disability pension includes an annual supplement equal to 1.85% of adjusted lifetime earnings, plus a fixed monthly payment depending on years of coverage.
• Additional benefits are granted up to age 55 if the disability started before that age.

Survivor Benefits:

• If an employee was receiving a pension at the time of death or had at least 12 months of social security coverage in the 3 years prior to death, their survivors may be eligible for survivor benefits.
• Survivor benefits are calculated based on the employee's actual or hypothetical old-age pension at the time of death.
• The amount of benefits depends on whether the survivor is an eligible child of the deceased employee, an eligible divorced spouse or separated partner, or a spouse or partner of the deceased employee.