Pension
To qualify for a full pension, an employee must be at least 60 years of age and have at least 180 months of contributions. The amount of monthly pension is 30% of the employee's average monthly remuneration. The percentage is increased by 2% for each year of insurance beyond that.
Insured employees who have reached the retirement age and do not meet the condition for contributions, but have paid contributions for at least 12 months are eligible for receiving a one-time old age allowance. The amount of the old-age allowance is equal to 12 times the average monthly remuneration over the last 5 years. If the service is under 5 years, the average remuneration is calculated on the insurance period.
Dependents/Survivors Benefits
The National Social Security scheme of Benin provides survivors benefits in case of death of an insured individual. Dependents must meet entitlement conditions to qualify for survivors pension and include widow, widower, children, and dependent parents of the insured deceased person (only in case of work-related death).
If the deceased person had less than 180 contributions, survivors receive an allowance paid in a lump sum amount equal to monthly remuneration for the months they had contributed to Social Security Insurance. The compensation is distributed equally among the surviving spouse and children.
These benefits are paid from the Pensions branch of Social Security.
Invalidity Benefits
Benin's National Social Security Scheme covers disability benefits for employees who become disabled before the age of 60 and have paid contributions for at least 60 months. They must have completed 6 months of insurance in the 12 months immediately preceding the onset of disability. The amount of disability pension is 30% of the average monthly remuneration of the employee for 180 months of contribution. The percentage is increased by 2% for each year of insurance beyond that.
The holder of a total permanent disability pension or an invalidity pension who continually needs the help and care of a third party to accomplish the everyday acts is entitled to a supplement equal to 40% of the amount of their pension. This supplement may not be lower than the legal minimum remuneration or higher than 3 times this minimum.