The authorized retirement age rises to 66 years and 4 months from January 1, 2023

Retired individuals Europa Press

It would be the age that’s required for many who show lower than 37 years and 9 months of contribution The minimal contribution requirement to have the ability to entry the contributory retirement pension stays not less than 15 years For a partial retirement, the age will likely be 62 years and 4 months if the corporate makes a reduction contract

Spaniards who wish to retire as of this Sunday, January 1, with 100% of the pension must be not less than 66 years and 4 months outdated, underneath the 2013 pension reform, through which it was progressively raised the retirement age from 65 to 67 years, in a complete horizon of 15 years.

These 66 years and 4 months would be the age required for many who show lower than 37 years and 9 months of contributions (this yr 66 years and two months are required to retire with lower than 37 years and 6 months of contributions).

If they exceed 37 years and 9 months of contributions, staff who wish to retire from January 1, 2023 with 100% of the pension must be 65 years outdated.

What didn’t change with the 2013 reform is the minimal contribution requirement to have the ability to entry the contributory retirement pension, which was maintained for not less than 15 years, two of which should be included within the 15 years previous to retirement.

partial retirement

In the occasion that staff wish to entry partial retirement with out the corporate making a reduction contract, the minimal entry age would be the unusual retirement age that’s relevant in every case.

If the corporate makes a reduction contract to cowl the work time that the one that partially retires stops working, the minimal entry age for partial retirement will likely be from January 1, 2023 of 62 years and 4 months if They have contributed for not less than 35 years and 9 months, or 63 years and eight months if they’ve contributed for 33 years.