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The following might also change with things being removed or added at any time as the majority of the written below is more a draft and is constantly being updated and constructed.
The pension age in the Free Republic of Verdis is 65 years. This allows an easier and earlier choice compared to other countries around the world.
The public pension system of Verdis currently consists of two elements.
- The income-based pension is a pay-as-you-go basis. The retirement age is flexible and retirement benefits can be claimed from the age of 61 at the earliest of age. The income-based pension will allow you to receive a regular income after you have retired from work.
- The guaranteed pension allows a means-tested benefit. It provides a minimum pension for people older than 65 with a low or no income at all with at least 5 years of residency within Verdis. It is provided by the Verdisian Government's budget.
The Verdisian Government guarantees sickness pay, which is to be around 120 Australian dollars per week if you're too ill to work. It is paid by your employer for up to 28 weeks. To gain sick pay, you will need to apply to the Verdisian Government at email@example.com. You will only be accepted if you have been out of work sick for 4 or more days in a row.
You can view the benefits and rights of disabilities by clicking here.
The Free Republic of Verdis grants loans, scholarships, educational savings, apprentice loans and more. This allows students to pay for their education in Verdis. Only Verdisian citizens or permanent residents of Verdis are permitted to having a government-provided loan within Verdis.
All loans given to students by the Verdisian Government are interest-free. Verdisians receiving a Verdisian Student Loan for the first time are eligable for 6.5 years of interest-free assistance.
If a student has a permanent disability, loans can be extended depending on the subject that the student is being educated on and the disability.
You can view information about family benefits by clicking here.