Access in Spain access to an ordinary retirement pension, receiving 100% of the benefit each year, presents more difficulties and by 2027, the age of 67 will be reached, the age that people who do not meet the conditions will have to wait for minimum contribution. In our country you can retire earlier by respecting a series of penalties thanks to voluntary early retirement and you can also do so by receiving 100% of the pension depending on the work group and if you meet certain conditions.
In 2025, it will be more difficult to retire in 2025. Spain since those who want to receive 100% of the pension will have to prove that they have contributed for 38 years and three months to be able to retire at 65. Otherwise, those who do not demonstrate it price They will have to wait 66 years and 8 months. At 66 years and 10 months, those who do not make the same contribution will be able to retire in 2026. In 2027, the big changes will arrive, since anyone wishing to retire at 65 will have to prove that they are 38 years old. and six months of contributions and those who do not comply will have to leave at 67.
- 2024 – 65 years old if you are 38 years old or over with contributions – 66 years and 6 months.
- 2025 – 65 years if you are 38 years and 3 months contributed – 66 years and 8 months.
- 2026 – 65 years if you are 38 years and 3 months contributors – 66 years and 10 months.
- 2027 – 65 years old if you are 38 years old and 6 months contributory – 67 years old.
Everything is linked to the latest pension reform planned by the Government gradually tighten conditions so that workers can access a contributory benefit for retirement. The reason is to be able to perpetuate a retirement system marked by the growing number of retired and the low birth rate which breaks historical records in terms of births. For this reason, a system of penalties has been put in place in recent times for those who bring forward their retirement, in addition to bonuses for those who delay their retirement.
Yes, it’s true that there is a group of workers who will be able to retire before age 65 and others will receive 100% of the pension. Some of them, like the workers of the Mining status They can be withdrawn after 50 years. “The ordinary retirement age may be lowered or advanced in professional groups or activities whose work is of an exceptionally arduous, dangerous, toxic or unhealthy nature and presents high rates of morbidity or mortality,” indicates Social Security on its website.
These are all groups of workers who can choose to retire earlier without losing a euro and on the basis of certain conditions in which the age at which they can advance retirement will be stipulated.
- Mining status workers.
- Flight crew in aerial work.
- Sea workers.
- The railway workers
- Artists, dancers and trapeze artists.
- Bullfighting professionals.
- Firefighters serving administrations and public organizations.
- Local police.
Penalty for early retirement
THE voluntary early retirement It allows workers who meet the conditions to retire even at age 63 by paying a series of contributions. To this option of Social security Workers with at least 35 years of contributions will be eligible, provided they have been aged two years in the last 15 years before requesting the contributory pension.
Those who can access voluntary early retirement will have to comply with a series of sanctions depending on the length of time they wish to advance their retirement and the years during which they have contributed to Social Security. These can range from 2.81% to 21%. Penalties in the event of early retirement depend on the following aspects which depend on the professional life of the beneficiary of the contributory pension.
- Under 38 years and 6 months: Penalty of 3.26% if you bring your retirement forward by one month and 21% if you bring it forward by 24 months.
- Between 38 years and 6 months and 41 years and 6 months: Penalty of 3.11% if you bring your retirement forward by one month and 19% if you bring it forward by 24 months.
- Between 41 years and 6 months and 44 years and 6 months: Penalty of 2.96% if you advance your retirement by one month and 17% if you advance it by 24 months.
- Equal or greater than 44 years and 6 months: Penalty of 2.81% if you bring your retirement forward by one month and 13% if you bring it forward by 24 months.
Another way to retire early without penalties is forced early retirement, which occurs when an employment contract is terminated without the worker’s consent. This will allow the beneficiary to retire earlier, largely respecting their regulatory framework and their retirement.
