Early retirement at age 61, except to terminate in 2019 – eldia.es

Early retirement at age 61, except to terminate in 2019 – eldia.es

Madrid, MarketWatch The government has corrected this week denied the criteria for early retirement by 2019 some 30,000 workers laid off by April 2013 they expected to retire at age 61 with 30 years quoted and forming part of the only group still can retire under these conditions.

Since 2013 the law requires to be older and more years of contributions to access to early retirement, whether you come to it for compelling reasons such as if you search voluntarily.

however, are an exception to the current rule those terminated before April 1, 2013, provided that after they have not returned to be included in any scheme Social Security.

Also those who are to be terminated before January 1, 2019 through a redundancy, enterprise agreement or signed or declared bankruptcy proceedings before April 1, 2013.

In addition to this group, currently required 61 years and two months of age plus 33 years of contributions to Social Security to access a forced early retirement in the event of dismissal, which rise to 63 and two months 35 years if retirement is quoted by the will of the worker.

In addition, the percentage reduction that applies to the annual pension reaches 7.5% if early retirement is required until 8% if it is voluntary.

The age goes delaying each year under the transitional arrangements provided for in the pension reform agreed by the socialist government and the social partners in 2011, progressively raises the standard age retirement from 65 years and one month in 2013-67 year 2027.

In this way, the age for compulsory early retirement four years will always be lower than the normal retirement age (63 years when reaches 67), while the volunteer will be available only two years earlier.

In March 2013, the Executive tightened access to early retirement and partial to contribute to the sustainability of the system pensions and bring the actual age of retirement at the legal age, which at this time has risen from 63.9 years to 64.3 years.

Since then, retire early is necessary to be older and more years of contributions to Social Security, and supposed to stay with a smaller pension, since the reduction coefficients are higher.

As a result of the rule in 2013 fell 6.5% early retirement increased 10.3% and the number of workers who left the legal age.

However, the exception that allowed workers under 55 terminated before April 1, 2013 remained maintain the conditions of the early retirement of the previous legislation, provided they reached 61 years before January 1, 2019.

Some of them had signed special agreements with individual Social Security for those still paying Quote of pocket until his 61st birthday.

Some 1,400 people in this situation would retire this summer were surprised how the interpretative approach of the law was modified, while Social Security has reverse to realize that the change of position was not consistent with the spirit of the law and violated the principle of legitimate expectations of those who already had a signed agreement.