2023-07-20 00:18:13
Thursday, July 20, 2023, 00:18
comment
copy link
Telegram
To retire in 2023 at 65 years of age, it is necessary to have contributed for at least 37 years and 9 months. If that figure is not reached, you have to wait until you are 66 years and four months old. It is possible to retire from the labor market before the legal age, but assuming pension cuts in the form of reducing coefficients: the sooner a person retires, the more their benefit will decrease.
However, there is a group of workers who can retire before the rest and without suffering cuts in their pension. They are those belonging to the regime of Passive Classes of the State. This staff is made up of officials from the General State Administration, Justice, the Cortes Generales and other officials transferred to the autonomous communities. It also includes military, former presidents, vice presidents and government ministers, and other positions.
For these workers, the retirement age is declared ex officio at 65 years, with the exception of officials of the University Teaching Bodies and the magistrates, judges, prosecutors and lawyers of the Administration of Justice. In these cases, forced retirement by age occurs at 70 years of age.
However, civil servants of the Passive Classes can retire voluntarily from the time they reach 60 years of age, provided they have recognized 30 years of service to the State.
It is possible to complete this contribution period in other Social Security schemes (general, self-employed, etc.). But since January 1, 2011, it is required that the last five years in the service of the State have been developed in the Passive Classes.
Pension amount
The amount of the pension will depend, as with other workers, on the number of years of contributions. The benefit is calculated from the regulatory credit, which is how the regulatory base is called in this regime.
If those 30 years required to be able to retire at 60 have contributed, the amount of the pension will be 81.73% of the regulatory credit. This percentage grows progressively up to 35 years of contribution: from this age civil servants in the Passive Classes can retire with a full pension once they reach 60 years of age.
Currently there are some 700,000 civil servants included in that regime, which closed on January 1, 2011. Between that date and October 5, 2020, they were integrated into the general regime, and since then they have been part of the Ministry of Inclusion, Social Security and Migrations.
Comment Report a bug
#Workers #retire #age #pension