With the conceived idea that in most professions retirement arrives at a certain age set by law, however, there are certain formulas by which to anticipate this retirement. Very marked from the previous four years, to be able to ‘hang up the boots’ at 62 years of age, a series of conditions are needed.
Rest after a lifetime dedicated to work is the most longed for by most workers over 60 years of age. A situation that is many times takes longer than expected and so it can be brought forward even if it comes with the worst of labor evils.
An involuntary termination, that is, a dismissal, is the main reason for being able to retire early from the age of 62. Going directly to unemployment at an advanced age facilitates this mechanism since after certain years it is difficult to gain a foothold in the labor market.
However, the cessation is not the only cause of early retirement four years before, but must be fulfilled both by age and for work reasons:
– Continuing with the reason for the dismissal, in order to be eligible for early retirement this must be due to a “business restructuring”. That is to say, the departure must be given due to a collective or objective dismissal for economic, technical, organizational or production reasons, a termination of contract by judicial resolution or due to the existence of a cause of force majeure (death, incapacity or retirement of the individual employer ).
– In addition, the minimum contribution requirement must exceed 33 years, of which two must have occurred in the last 15 years. A condition that for agricultural workers is located in six of the last ten years.
– Lastly, the early retiree must have been a job seeker during the six months following dismissal.
Once all these conditions are met, the applicant will see their pension reduced (like any early retirement) for which reduction coefficients will be applied according to the years worked (between 1.875% and 1.5%).