The Future of Pensions
Author: Kapplak McKayla
The current pension system is called into question, because contributions may not be enough to pay pensions after 2025. Unions have hit the sky. Can you imagine having been trading throughout your life and then not being able to collect a pension? As this problem seems to be the must enfrontar Spain. The legal retirement age is situated at 65, as a rule.
Without emabargo there are three exceptions: early retirement (early retirement, partial retirement and flexible retirement), the partial retirement (partially withdraw an employee to hire another, then the company pays a portion of wages and Security Social rest) and flexible retirement (employee who decides to reconcile the pension with a part-time work). The opposite is also possible to extend the retirement age of 70.
The pension system in Spain is taxable, which means that you must have previously quoted to qualify for a pension. To access the retirement pension you must complete a minimum contribution period of 15 years. Of those, at least two must be within the 15 preceding the date of retirement cause. In this case, the worker is left 50% of his base salary. From this minimum, every two years of contributions the pension is increased by 2%. Is it possible to continue charging the same? Yes, to receive 100% of the base must contribute for 35 years without stopping.