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Pension account


A personal pension account has been opened for all men and women born on or after 1 January 1955 who are insured under the statutory retirement pension scheme. The contributory basis of all acquired insurance periods is registered in each pension account. The account is opened in the calendar year in which the holder first becomes liable to pay into the statutory retirement pension scheme and is closed in the calendar year in which the holder becomes entitled to payment of the retirement pension.