A: To qualify for full pension, 

• You must be at least 60 years and 
• You must have made a minimum contribution of 180 months (15 yrs.) under Act 766 and 240 months (20 yrs.) under PNDCL 247. 

BASIS FOR CALCULATION OF OLD AGE PENSION 

• Age 
• Average of Best 36 months / 3 years’ Salary 
• Earned Pension Right – Rating for the number of months you have contributed to the Scheme. 

You can earn a “pension right” between 37.5% and 60% depending on the number of months contributed at the time of retirement (e.g., the minimum contributions of 180 months gives a “pension right” of 37.5%). Every additional month over the 180 months attracts an additional percentage of 0.09375% or 1.125% for one (1) year, respectively. 

TO CALCULATE YOUR PENSION 

Multiply your best 36 months (3 years) average salary by your “pension right”. The Pension Right is 2.5% for each year of contribution for the first 15 years and 1.125% for every additional year up to a maximum of 60.0%.