According to what the reform stipulates, from 2024, 38 years or more of contributions will be necessary to retire at the age of 65, and the months required will increase from then on. Especially in 2025 and 2026, it will take 38 years and 3 months to retire at this age, otherwise you will have to wait until 66 years and 8 months or 66 years or 10 months. I agree to receive communications from the Santalucía Institute by e-mail (information about news, news, studies and events). At what age can I retire? What is the retirement age in Spain? Currently, these data depend on two variables: age and number of years indicated. Since 2013, the retirement age has been successively delayed and the minimum contribution period has been increased. If you have any doubts about the number of years you will have to retire or the age at which you will have to retire, we will see in this article the calculation of total and partial retirement pensions. To benefit from this modality, they must have reached the appropriate age (see table below), meet the applicable requirements and reduce their working day by a minimum of 25% and a maximum of 50%. The minimum age can be lowered or advanced in some special cases According to the pension table, Pedro can retire in 2024 with 35 years of contributions and 66 years and six months. In other words, taking into account his date of birth, Pedro can retire on August 1, 2025. In the event that employees wish to take partial retirement without the company having concluded a relief contract, the minimum age of access is the normal retirement age that applies in each case. If the company enters into a relief contract to cover the hours of work during which the person who partially retires will stop working, the minimum age for access to yesterday`s partial retirement is 62 years and two months if you have contributed at least 35 years and six months.
In case you have 33 years of contributions, the age is 63 years and four months. As mentioned earlier, the retirement age has been gradually moved since 2013 and the minimum number of contributory years will be raised until you can retire in 2027 at age 65 (if you are 38 years and 6 months old) or 67 (if you have a lower contribution than the previous one). The age of 65 will be maintained for those who apply the legislation before 1.1.2013 in accordance with the provisions of the fourth transitional provision. of lgss. In addition, various measures are being taken to voluntarily bring the effective retirement age closer to the normal retirement age by defining four options for action: the revision of voluntary and involuntary early retirement and by reason of activity, deferred retirement, active retirement and forced retirement. In particular, with regard to voluntary early retirement, the coefficients will be monthly in order to give more flexibility to future pensioners and to promote the voluntary postponement of the retirement age, while treating longer contribution careers more favourably. In addition, the reduction coefficients relating to the advance of the retirement age will be applied to the amount of the pension and not, as before, to the regulatory basis of the pension. This is how the requirements are built and from 2027, to retire at 65, you must have specified 38 and a half years. It is also necessary to see what the normal retirement age will look like for the coming years, as the Minister of Social Security (@inclusiongob), José Luis Escrivá, has put on the table the need for a postponement of the pension reform, which is still under negotiation.
The Mapfre Foundation guide illustrates this with a case study of Pedro, born on the first of February 1959. In 2024, he will be 65 years old and will do so with 35 years of contributions since he started working in 1989. In the table below, you can check both the contribution periods required for retirement and the age that would correspond in the event of full retirement. At all times, we talk about the appropriate retirement age, which allows us to receive 100% of the pension. Because when we take early retirement, monthly reduction coefficients are applied, that is, we do not receive 100% of the pension, but a percentage less.