Compulsory Elderly and Disability Insurance
To recognise lifetime and fixed-rate old age, disability or widow/widower's pensions for the contributions made to the now expired Old Age and Disability Insurance (SOVI) or having been affiliated with the Worker Retirement Scheme.
The people who meet the established requirements for each type of pension.
In addition to not being entitled to a pension under the current Social Security system, with the exception of any widow/widower's pensions, certain specific requirements must be met depending on the type of pension in question:
The amount varies depending on whether or not these overlap with other pensions:
When the widow/widower's pension and the SOVI pension overlap, the total amount may not exceed twice the amount of the minimum widow/widower's pension established at any given time for beneficiaries over the age of 65. If it exceeds this limit, the amount of the SOVI pension will be reduced by the amount required in order not to exceed the limit indicated.
Old Age: This will accrue from the day after reaching the age of 65 if the application is submitted within the 30 days after this date. If it is submitted later, it will accrue from the first day of the month after the application was submitted.
Disability: This accrues from the first day of the month after the application was submitted.
The pension is paid monthly with two extra payments that are paid with the June and November monthly payments.
SOVI pensions are incompatible with each other and may also be incompatible with other pensions, with the exception of any widow/widower's pension to which the beneficiary may be entitled, and work. However, the beneficiaries may exercise their right to choose the most favourable pension.
Acknowledgement of SOVI pensions must be resolved and the interested party must be notified within the following periods:
SOVI pensions expire with the pensioner's death and, in the case of the widow/widower's pension and in certain situations, with marriage or forming a common law partnership.
|Where it is processed:||
In the Social Security help and information centres under the National Social Security Institute (INSS) or in the provincial or local offices of the Social Marine Institute (ISM), as applicable.
The INSS or ISM, as applicable, are responsible for managing and recognising the right to pensions from the now expired SOVI.
- Change of bank details and address
- Check the status of a requested report
- Digital certificates
- Electronic Application
- European Health Card
- ISM App in your pocket
- Online/phone Notifications
- Rectification of employment history report
- Register of Attorneys
- Social Security Offices
- Working Calendar
- Your employment history report