Although it is usual for workers to access early retirement from their job, there is also the possibility that this retirement before the ordinary age could come from a situation of unemployment. In these cases, it may be more frequent that it be from the subsidy for people over 52 years of age.
This subsidy is, as its name indicates, the one that is intended for people over 52 years of age who have either exhausted their contributory benefit (unemployment) or have spent the unemployment subsidy. It is a benefit that serves as coverage for the worker who becomes unemployed at a later age and, in theory, more complicated when it comes to getting a new job, so its duration extends until the age of corresponding retirement.
Of course, you must meet a series of requirements. Many of them are common to the rest of the benefits managed by the State Public Employment Service (SEPE): be , sign up for the , be in and have incomes below 75% of the Minimum Interprofessional Salary.
However, there is a requirement that does affect people who have retirement in mind, even early: in order to receive this subsidy, they must meet the requirements for receiving a retirement pension, a minimum of 15 years of which two must occur among the last 15.
If you are entitled to the subsidy for people over 52 years of age, the person who wishes to retire early has the option to do so even without having to find another job. It does not happen in all cases, but if you prove the requirements of voluntary early retirement you will be able to achieve it. These are the accumulation of at least 35 years of contribution (), of which two must occur in the last 15.
At this point, the person who wants to retire early will have some help. With unemployment (if you have received it before) you will have continued to contribute and, what is more important, the payment of the subsidy for people over 52 years of age guarantees you the maintenance of your retirement contributions at all times. , the SEPE explains that the contribution base will be 125% of the minimum base of common continences.
This has two readings. The first is the one aimed at the worker who, with his years of contributions already accumulated and accredited to retire early, only has to wait until the permitted age arrives (if he does not find a job beforehand) to be able to carry out the procedures for said retirement. anticipated.
However, the second is more important, and it is possible that the collection of this subsidy will help a person in a crucial way to add all the contribution necessary to retire early and thus avoid that, in case of not find a new job, have to prove all contributions or simply have to wait for ordinary retirement against their will.
What is the amount of retirement pension remaining
The rest will be as in all cases. The last 300 contribution bases of the worker (the last 25 years) will be taken into account and will be divided by 350 to obtain the regulatory base of the pension. Later, depending on the years worked by him, he will have a certain percentage of said regulatory base: with 15 years he gets 50% and from then on each of the following 106 months gives an extra 0.21% and each of the following 146 months give an extra 0.19%. With a total of 36 years worked, you are entitled to 100% of the regulatory base.
Then we will have to take into account the reduction coefficients of the pension, which have been modified by the ‘Escrivá reform’. They depend on the time of anticipation of retirement and the duration of the worker’s career. The coefficients for voluntary retirement appear in the and contemplate reductions of between 21% and 2.81% of the amount of the pension.
Early retirement after the subsidy for people over 52: an example
Manuel is an employee who lost his job at the age of 60 and with 31 years of accredited contributions. Entitled to the maximum period for collecting unemployment (two years), and after not finding a job in that period, he found himself exhausted from the contributory benefit and a total of 33 years of contributions at 62 years of age.
As he does not meet the contribution requirements at that time that allow him to retire early, he accumulates contributions while collecting the subsidy for people over 52 years of age. When retirement is anticipated a maximum of two years and the current retirement age is 66 years and two months for people with less than 37 years and six months of contributions (this is the case of Manuel), receiving two years and two months the subsidy will arrive at 35 years and two months of contributions just when he turns 64 years and two months old.
From that moment, Manuel could already retire early after having met the sufficient contribution period thanks to the collection of the subsidy for people over 52 years of age. Of course, in the case of retiring just after that deadline, he will have to assume that they will be older than if he does it a few months later.
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