If you’re among those planning to move to Italy, you may be wondering how you’ll receive your pension from Slovakia and whether it will be a problem. Here’s everything you need to know.
Pension from Slovakia to Italy: No Need to Worry
If you paid pension insurance contributions in the Slovak Republic during your working career, you’re entitled to a Slovak pension even if you live in Italy. This means you can receive your pension without any problems at an address in Italy or into an Italian bank account.
Changing Your Permanent Address
The first step when changing your permanent residence to Italy is to inform the Slovak Sociálna poisťovňa (Social Insurance Agency) of your change of address. You simply need to report your new permanent residence and the address to which your pension should be sent. You can do this by phone, in writing, or online via eID. Once you’ve reported this change, the Sociálna poisťovňa will start paying your pension to your new address in Italy.
Paying Your Pension into an Italian Account
If you wish, you can change the way your pension is paid and start receiving it into a bank account in Italy. If you have an account with an Italian bank, you simply need to inform the Sociálna poisťovňa and provide them with your new banking details. Your pension from Slovakia will be paid in euros, which means you don’t need to worry about currency conversion, since Italy also uses the euro.
Combining Insurance Periods from Both Countries
If you have also worked in Italy during your life, or have insurance periods in both countries, it’s possible that your insurance periods from Slovakia and Italy will be combined. This process is ensured through coordination between the national social security systems within the EU, so that all your insurance periods are taken into account and you receive a fair pension.
What Else You Should Know
Filling out forms and requirements: After changing your address, you’ll need to fill out several forms that are necessary to update your details with the Sociálna poisťovňa.
Healthcare: If you’re planning to retire to Italy, you’ll be entitled to the Italian healthcare system. You’ll arrange your health insurance through the Italian national health service (SSN), which will give you access to public healthcare.
Moving to Italy for retirement could be one of the best decisions of your life.
Besides a beautiful country, excellent cuisine, and a high quality of life, you can also receive your pension income in Italy without any problems. All you need to do is inform the Slovak Sociálna poisťovňa, report your change of address, and if applicable, your bank account. Italy offers you a comfortable and carefree retirement.
