The Ministry of Labor, Migration and Social Security has been in favor of delaying the effective retirement age, but against extending the legal age. This measure is in line with the proposal of the Independent Authority for Fiscal Responsibility (AIReF).
Specifically, at present, the effective retirement age is around 62.7 years, while the legal age is 65 years and 8 months for those who have contributed less than 36 years and 9 months, and in 65 years. if it has been quoted more than 36 years and 9 months.
Ministry sources have stated that the intention, in the next 30 years, is to increase the effective retirement age to 65.5 years. The legal retirement age, on the other hand, will reach 67 years once the pension reform of 2011 is fully implemented.
However, in a statement, the Government has made it clear that such a question must be accompanied by a "deep" reflection on the replacement rate, on incentives for continuity in the labor market and on the introduction of flexible frameworks between activity and retirement.
From Labor, it has been highlighted that the current evolution of the labor market means that workers tend to retire later, since jobs are "less painful" and processes are more automated. Thus, activities that can be done without problems from an advanced age are more and more important.