Partial retirement with relief contract: what is it and what are its requirements

When the last years of our working life are approaching, we can take advantage of partial retirement, a way of combining a job with retirement always under a series of conditions and that contemplates the possibility of doing so with a relief contract.

What is partial retirement?

The first thing is to be clear about what partial retirement is. The fact that this type of retirement is “beginning after reaching the age of 60, simultaneously with a part-time work contract and linked or not with a relief contract entered into with an unemployed worker or with the company a fixed-term contract.

The organization explains that workers who are employed by others, workers or work partners of cooperatives and those who meet the necessary conditions to obtain a contributory retirement pension are entitled to it. One of the aspects in which they can enjoy this partial retirement is with a relief contract.

What is a relief contract?

The (in its article 12.6 and 12.7) establishes that this type of contract is the one that is entered into to replace the vacancy left by the worker when he takes part in partial retirement.

What are the requirements for partial retirement with a relief contract?

-The worker must be hired full-time. The Social Security specifies that “those hired part-time whose working days, as a whole, are equivalent in theoretical days to those of a comparable full-time worker are assimilated”.

-That a relief contract be concluded at the same time.

-Minimum age of 60 years for members and an age requirement for the rest that is applied depending on the . Non-mutual members affected by the fourth section five transitory provision (which refers to labor relations from previous legislation) must be at least 61 years old.

-The reduction in working hours must be a minimum of 25% and a maximum of 50%, or 75% (85% in cases affected by this fourth transitory provision) if the relief contract is full-time and indefinite.

-A contribution period of at least 33 years. The period drops to 30 years in the case of those affected by the fourth transitional provision and to 25 years in the cases of people with a degree of disability of 33% or higher.

-A seniority in the company of at least six years before the request for partial retirement.