Changes the ordinary retirement age for Spanish workers, especially for those whose working career is less than 38 years and 6 months. Starting in 2027, those who want to request their pension without receiving a penalty for early retirement They must wait until they are 67 years oldas required by Social Security.
Although the minimum contribution period to be able to receive the contributory retirement pension established by the public entity is 15 years, with at least two of them within the 15 years prior to thisworkers who request it will only have the right to 50% of its regulatory base. If you want to receive 100%, this period of time must be considerably longer.
In 2026, the ordinary retirement age is established at 65 years, for those who have contributed 38 years and 3 months or more; and in 66 years and 10 months, for those who have accumulated less than said figure. However, From 2027 the necessary age will increasefollowing a trend that has already been observed over the years.
This will be the ordinary retirement age and the minimum to do so early in 2027
According to what is established in the Social Security digital portal, the ordinary retirement age for 2027 will be 65 yearsas long as it has been listed for a period of time equal to or greater than 38 years and 6 months; and 67 years for those who do not reach that figure. An upward trend that began to be noticed in 2013, when the maximum age was established at 65 years and 1 month for those who had contributed less than 35 years and 3 months.
It is worth taking into account the possibility of requesting early retirement voluntarily, as long as you have a age lower by two years, maximumof the ordinary age required for each particular case and have 35 years of contributions. Therefore, starting next year, the general minimum age to gain access will be 65 years if contributions have been made for less than 38 years and 6 months; and 63 years old, if said minimum has already been reached.
While in the event that it is non-voluntarySocial Security establishes a maximum lower age of four years and 33 years of contributions. According to these requirements, the minimum age for the year 2027 would be 63 years, for those who do not meet the minimum contribution time for the ordinary age; and 61 years old for those who have contributed for 38 years and 6 months or more. Although they must have been registered in the employment office as job seekers for at least 6 months prior to the application.
This is how pensions will be reduced in case of requesting voluntary early retirement
However, it should be taken into account that those who have requested early retirement They will not receive 100% of their regulatory basebut they will have to face pension-reducing coefficients. These are calculated based on the time quoted and the number of months that the withdrawal will be brought forward.
The best reduction percentage will be those who have 44 years and 6 months quoted or more, with a reduction of the 13% if you advance your retirement 24 months; 4.75%, in the case of 12 months; and 3.45% in 6 months. While those who do not reach 38 years and 6 months will have a reduction in 21% if they advance it 24 months; 5.5%, if they do it 12 months before; and 4%, if they request it 6 months before the established age.
Some percentages that can significantly reduce the amount that will be received monthly. That is why labor lawyers recommend another series of alternatives to avoid damaging economic benefits in case of becoming unemployed or requesting voluntary leave.
How to continue contributing without working, according to a labor lawyer
One of the most effective ways, as explained by the lawyer specialized in labor law, Ignacio Solsonaon the Laboroteca YouTube channel, is to reach a special agreement with the General Treasury of Social Security. This is a voluntary agreement through which the worker agrees to pay a series of installments over a period of time to generate, maintain or expand the right to benefits.
Thanks to this agreement, the employee will be able continue contributing despite not being working or if you have exhausted your unemployment benefit and cannot apply for it again. And, although it represents an expense, the lawyer assures that “usually, It is cheaper and more economical pay a special agreement for a period of time that delays retirement from age 65 to age 67″ or even request early retirement.
Therefore, the most recommended thing for those who want to enjoy 100% of their retirement pension from 2027 is plan your career taking into account both the ordinary age and the minimum contribution period required, as well as the alternatives to which to resort in case of becoming unemployed or being forced to submit a voluntary withdrawal a few years before being able to retire.