Post by account_disabled on Feb 22, 2024 8:42:45 GMT
In this case, by taking into account a larger number of contribution bases, the effects of the situation of recent years are mitigated, so it would be more favorable to take a greater number of years into account for the calculation of the pension . This would be the ideal situation that was planned then, but not everything has gone as expected. During this time, both companies and workers have faced two global economic crises in a very short time, which has contributed to salary cuts, freezes and layoffs without contributions having had time to recover from the shock caused by the 2008 recession.
Read more: This is what a retiree earns on average in each province: the pension in the Basque Country is 48% higher than in Extremadura At the same time, the 2011 reform introduced a gradual increase Lithuania Mobile Number List in the retirement age, which made the conditions for accessing the full pension even more difficult. Until 2027, when the transitional period will end, it will have been raised of contributions are proven; The rest will see their pension penalized. When the new section is reached, the ordinary retirement age will go to 67 years or 38 years and 6 months of labor contributions , something even more difficult given the aforementioned economic context. Now, the calculation.
The pension is translated into a percentage of the regulatory base, which will depend on the period contributed during working life . For example, the minimum period that gives access to the contributory pension (15 years) allows 50% of the base, while each additional year will be added until reaching 100%. In this way, access to the full pension is in a phase of gradual increase, so between 2020 and 2022 (inclusive) a minimum of 36 years of contributions will be required and, 2023 and 2026 (inclusive), 36 and a half years . Starting in 2027, the entire pension will be achieved after having contributed a minimum of 37 years. Spain, more generous than its neighbors with its retirees The Social Security pension system is "generous", at least more than that of its European neighbors.