Although the ordinary retirement age in Spain has increased slightly with the arrival of 2022, workers have options to retire early before reaching that age. They only have to find themselves in certain situations and fulfill a series of conditions. Even if they are 62 years old.
There are several early retirement options for workers who are 62 years old. They depend on the worker’s current situation (whether he has a job or not, and the reason why he is unemployed), as well as the profession he performs at the time of access to retirement.
The first of the options is that the worker in question has recently suffered a dismissal for reasons of business restructuring. In that case, he would be entitled to retirement derived from an involuntary termination of work, known as involuntary retirement. For the dismissal to fit within these reasons for restructuring, it must have as causes any economic, technical, organizational or production type, as well as a termination of contract by judicial decision or the existence of a force majeure demonstrated by the competent authority. , a dismissal due to death, retirement or permanent disability of the employer and in cases of termination of contract based on gender violence suffered by the worker.
This type of involuntary retirement allows withdrawal up to four years before retirement. In 2022, this age is 66 years and two months for people with contributions under 37 years and six months and 65 years for the rest, so that at 62 years of age, workers who are in the aforementioned situations will be able to retire. .
To do this, they must meet other conditions: have accredited at least 33 years of prior contribution (account) and be six months before the request for early retirement.
If all the requirements are met, the worker can retire early assuming cuts in the pension. It has been changed by the system of reduction coefficients, which are now monthly and directly affect the amount of the pension. These coefficients depend on the previous contribution and the advance period, but for people aged 62 they are between 15 and 30%, approximately. All the coefficients can be consulted in Law 21/2021, of December 28, guaranteeing the purchasing power of pensions, .
If workers perform a profession that Social Security considers to be at risk due to its danger, hardship or toxicity, they can retire at age 62 and even earlier. The reason is that for each of them there is its own regulation that regulates early withdrawals even after the age of 52 in the most extreme case.
Mining personnel, railway workers, artists, bullfighting professionals, aerial work flight personnel, local police officers, firefighters at the service of administrations, Ertzaintza personnel… all these professions have their own regulations and their individualized pension reduction coefficients for each function and even broken down by functions within the same profession. Social Security provides a link with access to all cases.
Other workers who can retire early at age 62 are those who belong to the Passive Class Regime, State officials. Your early retirements are allowed up to five years before your retirement age, which is generally 65 years of age.
In addition, in their case there is the possibility of early retirement, provided they prove 35 years of service to the State. Social Security in which you can find out the percentage of regulatory credit to which these workers are entitled based on the age at which they retire.
Facebook Comments
Disqus