Understanding the process
The monthly retirement allowance is a form of complementary income support. The allowance may be paid in full or in instalments.
To be eligible for this allowance you must:
- Be of non-Monegasque nationality and have been residing in the Principality on a continuous and regular basis for at least five years at the time of submitting their application (Monegasque nationals fall under the State Benefits for the Elderly dealt with by Monaco Town Hall)
- Be over 65 years of age or at least 60 years of age for persons declared unfit for work
- Have been resident in Monaco for at least five years before the age of 65
- Have a level of income that does not exceed the limit determined annually by Ministerial Decree
Receipt of this income support allowance, at any level, entitles the recipient to “Service Vouchers” and the coverage of upfront medical expenses.
To apply for the monthly retirement allowance you should contact the Department of Social Welfare and Social Services to obtain the form to be completed and the list of necessary supporting documents.