How can you retire at 65 with 100% of the pension

When the time of retirement approaches for a worker, one of the biggest concerns is knowing if they will have a pension of sufficient amount for their needs when their professional career ends. In order for the future pensioner to get 100% of the potential benefit to which he is entitled, he will have to meet a series of conditions.

These conditions are those that affect ordinary retirement, which is done when the ordinary retirement age arrives. In 2022, it is 65 years for people who have contributed 37 years and six months (or more) and 66 years and two months for the rest of the workers who do not reach that contribution target.

Thus, the closest possibility of receiving 100% of the retirement pension is to do so at 65 years of age, provided that these 37 years and six months have been contributed previously, since in these situations the ordinary age of retirement and the adoption of a voluntary early retirement that entails cuts in the amount of the pension is avoided.

Workers who belong to the Passive Classes of the State, who have the possibility of (their regulatory base) if they prove 35 years of service to the State, are excluded.

Be that as it may, workers who want to retire at age 65 without cuts in their pension have to meet more requirements, regardless of that previous contribution and age. Social Security these general conditions:

-Be registered or in a similar situation in Social Security.

-Be up to date with the payment of the Social Security contributions that are the responsibility of the worker.

The following of the conditions is given after the calculation of the regulatory base and that of Social Security. For 2022, the last 25 years of contributions are taken into account (the contribution bases of the last 300 months) and with them the worker’s regulatory base is obtained.

To be entitled to collect 100% of this regulatory base, that is, what is called 100% of the pension, the worker must prove at least 36 years of contributions. This is due to the pension calculation system, which guarantees 50% of that regulatory base (or the minimum pension if the amount is less: ) if you have contributed 15 years, and from then on it adds up to 0.21%. regulatory base for each of the following 106 months and 0.19% of that regulatory base for each of the following 146 months.