2023-11-15 01:33:50
Wednesday, November 15, 2023, 00:33
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The 2013 pension reform established a progressive delay in the legal age of access to retirement, up to 67 years, which will be required in 2027. Hence, each year the conditions for retiring with 100% are modified – and tightened. of the pension.
Workers who want to retire from the labor market at age 65 in 2023 must have contributed for at least 37 years and nine months. If they do not reach that figure, they have to wait until they turn 66 and 4 months.
Next year, both the contribution period required to retire at age 65 and the age at which it is possible to retire if that minimum contribution is not reached will be raised. In 2024, only workers who have accumulated a contribution career of at least 38 years will be able to retire at the age of 65. If not, they will have to wait until they turn 66 years and 6 months, two more than currently.
The plan established in the 2013 pension reform ends in 2027. From then on, a contribution period of at least 38 years and six months will be required to retire at 65 years of age. Otherwise, it will be mandatory to be 67 years of age.
Voluntary early retirement
It is possible to retire voluntarily before the legal age established in each case, but with the corresponding penalty in the form of reducing coefficients. That is, a percentage that is subtracted from the pension.
Until January 1, 2022, the reducing coefficients were applied for each quarter in advance, and since then the computable period is the month. The sooner a worker retires, and the less time he contributes, the greater the benefit cut will be. The idea is to adjust the legal retirement age as much as possible to the truly effective one.
For example, a worker who wants to retire 24 months in advance and has contributed less than 38 years and 6 months will have his pension reduced by 21%. But if he waits one more month to access retirement, the reducing coefficient drops to 17.60%.
As their contribution career is longer, this percentage will be reduced, up to a maximum of 13% for those who have contributed for at least 44 years and six months and retire 24 months in advance. If they do it 23 months before it is due, the cut remains at 12%.
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