Update to the Guide “Preparing for Retirement”
Publication Date: 2025-01-27 15:41
Source: Luxembourg
The Ministry of Social Security has updated its guide “Preparing for Retirement” to provide individuals approaching retirement with essential information on the pension system, benefits, and steps to prepare for this new chapter in life.
What’s New in the Updated Guide?
The guide includes updated information on the following:
- Retirement age: The legal retirement age in Luxembourg has been gradually increasing and will reach 67 years in 2023.
- Pension benefits: Details on the different types of pension benefits available, including old-age pension, early retirement pension, and disability pension.
- Contribution periods: Requirements for qualifying for a full pension based on the number of years of contributions.
- Financial planning: Tips and strategies for retirement planning, including budgeting, saving, and investing.
- Health and well-being: Resources and information on maintaining physical, mental, and social well-being during retirement.
- Other benefits: Coverage of additional benefits available to seniors, such as healthcare coverage, tax exemptions, and social assistance.
Who Should Use This Guide?
The guide is primarily intended for individuals who are approaching retirement or who are interested in planning for their future. It provides a comprehensive overview of the retirement process and essential information to help individuals make informed decisions.
How to Access the Guide
The updated guide is available online on the website of the Ministry of Social Security:
Additional Resources
In addition to the guide, the Ministry of Social Security provides various other resources and services to assist individuals with retirement planning and transition:
- Retirement planning workshops: Free workshops conducted by the Social Insurance Center (Centre commun de la sécurité sociale) to provide personalized advice and information.
- Online calculators: Tools to estimate future pension benefits and plan for retirement savings.
- Financial counseling: Support and guidance from independent financial advisors to develop a retirement plan that aligns with individual goals and circumstances.
Conclusion
The updated guide “Preparing for Retirement” is an essential resource for individuals approaching retirement in Luxembourg. It provides comprehensive information on the pension system, benefits, and strategies for planning a secure and fulfilling future. By taking advantage of this guide and other available resources, individuals can ensure a smooth and successful transition into retirement.
Update to the Guide “Preparing for Retirement”
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