The Spanish pension system continues to evolve over the years. Thus, the entry into a new financial year marks the beginning of different changes that affect both people who have already retired and receive a pension and those who plan to retire. These changes are diverse and have to do with aspects such as, for example, the retirement age.
When we talk about retirement age, we are actually talking about the ordinary retirement age, the one that marks the possibility of retiring. When a worker reaches that age and meets the rest of the requirements, he may retire if he does not previously opt for any of the early retirement modalities.
This ordinary retirement age increases slightly every year and 2023 will not be an exception, so with the beginning of the next year the ordinary retirement age will be raised. To find the explanation for this, you have to go back in time, to 2011, when the pension reform was approved, which proposed to delay the retirement age.
As can be seen in Law 27/2011, of August 1 (), a progressive calendar was created to increase the retirement age year after year, from 2013 to 2027, the date on which the reform is definitively implemented. In addition, two different retirement ages are established, determined by a contribution level that also increases annually. Thus, a worker who does not accumulate the necessary contribution to retire with the first retirement age, which is somewhat lower, will be able to do so with the second, which will force him to do so somewhat later.
The progressive calendar marks that in 2023 the ordinary retirement age is 65 years for people who have 37 years and nine months of contributions and 66 months and four months for workers who do not reach that level. They represent two more months than in 2022 and three more months on the price reference date.
The final objective of the 2011 reform is that in 2027 the ordinary retirement age has risen to 67 years for those people who do not reach 38 years and six months of contributions. For people with that contribution, the age would not change and would be 65 years old.
The ages to retire early in 2023
This ordinary retirement age indirectly affects the ages at which workers can retire early. Increasing that age also increases the age up to which the retirement advance cannot be requested. Everything will depend on the type of early retirement chosen.
In voluntary early retirement, the one that takes place at the will of the worker, advances of up to two years are allowed with respect to the ordinary retirement age, so the age from which you can choose will be 63 years for people with 37 years and nine months of contributions and 64 years and four months for workers who do not reach that contribution.
In parallel, in involuntary early retirement, that which derives from an involuntary cessation of work, advances of up to four years are allowed with respect to the ordinary retirement age. This means that workers will be able to retire from the age of 61 if they reach 37 years and nine months of contributions. Otherwise, they will be able to do it at 62 years and four months.
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