The reforms in the pension system have not only caused a delay in the retirement agebut also harden the terms to qualify for this type of benefit. As of next 2023, the necessary contribution to be able to retire from working life to the 65 years will become 37 years and 9 months, three more months That so far.
This is how the ‘Guide for your retirement’ compiled by the Mapfre Foundationwhere it is estimated that this figure rises to 38 years and 6 months listing from 2027. In addition,
Differences according to the quote
As stated in the second section of the guide, since April 1, 2013, the retirement age ordinary depends on the age of the worker and the years that he has quoted throughout their working life. To qualify for a pension, the requirement is to have contributed for at least 15 yearstwo of which are included in the 15 immediately preceding the retirement date.
Nine years ago, the difference between the age required for those workers who had contributed the established minimum (35 years and 3 months at that time) and those who had not reached that figure were one my: 65 years and 65 and one month, respectively.
Currently, this difference has been extended to One year and two monthswith a fixed age of 65 years for those who have contributed 37 and a half yearsand 66 years and two months for those who have not achieved said contribution.
early terminations
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The report also includes the forecast for the coming years of the two types of early terminations and the necessary requirements to request them. On the one hand, in the case of termination not voluntary it is established that the worker can only have four years younger of ordinary retirement age, in addition to a minimum of 33 years listed.
On the other hand, terminations volunteers may be requested up to two years before of the established retirement age and have 35 years listed in Social Security.