September 22, 2020

The legal retirement age rises to 65 years and 8 months in 2019 – The Province

The legal retirement age rises to 65 years and 8 months in 2019 - The Province


Spaniards who want to retire next year with 100% of the pension will have to have at least65 years and eight months completed, under the pension reform of 2013, in which the retirement age progressively rose from 65 to 67 years, over a total of 15 years.

These 65 years and eight months will be the age that is required for those who accreditless than 36 years and nine monthsof contribution (in 2018, 65 years and six months were required to be able to retire with less than 36 years and six months of contributions).

If you exceed 36 months and nine months of contributions, workers who want to retire next year with the100% of the pensionthey will have to be 65 years old.

What did not change with the 2013 reform is the minimum contribution requirement to be able to access the contributory retirement pension, which was maintained inat least 15 years, two of which must be included in the 15 years prior to retirement.

In addition, next year the period for calculating pensions increases one year compared to 2018, from 21 to 22 years.

Partial retirement

In the case that workers want to access partial retirement without the company making a respite contract, the minimum age of access will be the ordinary retirement age that in each case is applicable.

If the company makes a respite contract to cover the work time that the person who is partially retired stops working, theminimum age of accessfor the partial retirement it will be, from January 1, 2019, of 61 years and 8 months if it has quoted 34 years and 9 months or more, or of 62 years and 4 months in the case that it has 33 years of contributions.

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