The Quota 103 scheme has been extended until 31 December 2025. The pension benefit is calculated using the contribution-based method and is capped at an amount equivalent to four times the minimum. The scheme also prohibits combining the benefit with employment income until statutory retirement age is reached.
The eligibility criteria remain unchanged: 62 years of age and 41 years of contributions, with a waiting period of 7 months for private-sector employees and 9 months for public-sector employees.
