2023-09-24 15:28:41
Retirement is a moment longed for by many workers, who dream of enjoying a well-deserved retirement without the need to continue working. In Spain, the retirement age is commonly 65 years, as long as you have contributed for a minimum of 37 years and nine months. However, there are special conditions that allow early retirement, although not all workers can access this option.
Early retirement in Spain imposes more rigorous requirements than standard retirement. It requires a certain level of contribution and, in return, may imply cuts in the benefit received. Currently, two types of early retirement are recognized: voluntary, requested by the person who wishes to retire and which allows an advance of up to two years in the usual retirement age; and involuntary, which occurs when the employer terminates the employee’s contract, anticipating up to four years to the ordinary retirement age.
However, there are cases in which early retirement is not allowed. Those who do not fit the two types provided by law, that is, voluntary or involuntary, will not be able to access this option. Those who, even if they are within one of these groups, do not meet the required requirements, which are even stricter than those for ordinary retirement, will also not be able to retire early.
In particular, those workers who have not contributed at least 35 years (in the case of voluntary early retirements) or 35 years (for involuntary early retirements) to Social Security will not be able to opt for early retirement. Nor will those who, despite complying with the contribution period, have not contributed for more than two years in the 15-year period prior to requesting retirement be able to do so. Furthermore, workers who are not registered or assimilated in Social Security at the time of submitting the application will not be able to access voluntary early retirement.
In the case of involuntary early retirement, workers must have been registered as unemployed for at least six months before requesting retirement and must be subject to some of the causes of termination of contracts established by law. Those who do not meet the requirements established by legislation must wait for ordinary retirement, meeting the years of contribution and age requirements that it demands. Early retirement, therefore, remains an exclusive option for those who meet the conditions established by current regulations.
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