The cumulative number of elderly retirement pensions reached 98,386 pensions, according to the announcement by the Social Security Corporation (SSC).

The corporation stated that the eligibility conditions for the elderly retirement pension include reaching the age of 60 for male insured individuals and completing the age of 55 for female insured individuals, with a contribution period to the social security system of no less than 180 contributions, equivalent to 15 years.

It clarified that within these contributions, there must be 84 actual contributions, equivalent to seven years.

The term "actual contribution" refers to mandatory contributions through an establishment, voluntary contributions, or periods compensated for due to unemployment.

The Social Security Law provides options for those who have not completed the required period for eligibility for the elderly retirement pension when reaching the qualifying age. These options include completing the service and purchasing the remaining years, provided that the insured individual has 84 actual contributions to the social security system, as clarified by the corporation.

The corporation also pointed out that extension beyond the retirement age is possible, either through the same establishment where the individual is employed, by joining another establishment, or by continuing coverage through voluntary contributions.