- Single Lifelong Pension (MO-S1)
- Single Lifelong Old-age/early old age pension with a guarantee period (MO-S2)
- Joint Lifelong Pension (MO-S3)
- Joint Lifelong Pension with a guarantee period (MO-S4)
- Single Lifelong Pension with payment of the remaining remittance amount (MO-S5)
- Joint Lifelong Pension with payment of the remaining remittance amount (MO-S6)
Pension payment by HRMOD | Pension payment by another pension insurance company |
Pension payments are made on a lifelong or provisional basis.
Lifelong:
1. Single lifelong pension
2. Single lifelong with a guarantee period (5 to 30 years)
3. Joint lifelong pension.
4. Joint lifelong pension with a guarantee period.
Provisional:
1. Single standard (lasting from 5 to 30 years)
2. Single accelerated (lasting for 5 years)
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Pension payment must be provisional (lasting for 5 years at least) and may in no way be lifelong. |
There are no legal limitations in relation to the savings amount paid by HRMOD | The savings amount available for payment by a pension insurance company may not exceed HRK 100,000 |
The pension payment amount is guaranteed and may not be lower than the contractually stipulated one | The pension is not guaranteed and its amount is subject to modifications due to a change in the share price |
Source of funds | One-off fee | Annual fee | |
Mandatory pension insurance | 1,5% of the payment amount received less a partial lump sum payout if contracted | 0,17% of the payment amount received less a partial lump sum payout if contracted | |
Voluntary pension insurance or a direct lump sum payment | 1,4% of the payment amount received less a partial lump sum payout/direct lump sum payments | 0.30% of the payment amount received less a partial lump sum payout/direct lump sum payments | For Single Lifelong Pension, Single Lifelong Pension with a guarantee period, Joint Lifelong Pension and Joint Lifelong Pension with a guarantee period. |
0,37% of the payment amount received less a partial lump sum payout/direct lump sum payments | For temporary standard pension | ||
1,5% of the payment amount received less a partial lump sum payout/direct lump sum payments | 0.45% of the payment amount received less a partial lump sum payout/direct lump sum payments | For temporary accelerated pension |
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Example of the adjustment |
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Adjustment period* |
Change in the consumer price index in the period* |
Pension amount according to index |
Pensions that would be paid in the period according to index |
Cumulative index |
Pension |
Actually paid pensions in the period |
|
|
1.000,00 |
6.000,00 |
|
1.000,00 |
6.000,00 |
1 |
5,00% |
1.050,00 |
6.300,00 |
5,00% |
1.050,00 |
6.300,00 |
2 |
-5,00% |
997,50 |
5.985,00 |
-5,00% |
1.050,00 |
6.300,00 |
3 |
2,00% |
1.017,45 |
6.104,70 |
-3,10% |
1.050,00 |
6.300,00 |
4 |
8,00% |
1.098,85 |
6.593,08 |
4,65% |
1.098,85 |
6.593,08 |
5 |
5,00% |
1.153,79 |
6.922,73 |
5,00% |
1.153,79 |
6.922,73 |
Pension paid in total |
|
31.905,51 |
|
|
32.415,81 |