Change in the retirement age from 2024
The retirement age established by the Social Security has undergone changes from 2024. Now, people who have contributed less than 38 years will have to turn 66 years and 6 months to be able to retire. On the other hand, the age range is reduced to 65 years if the worker has contributed for more than 38 years.
Early retirement for people with disabilities
Requirements for early retirement
People with a disability equal to or greater than 45% can opt for early retirement from the age of 56. The worker must have contributed for at least 15 years, with 5 of these under the recognized disability. In addition, the disability must be documented by Social Security and can be of an intellectual nature, cerebral palsy or genetic anomalies.
The complete list of eligible disabilities can be consulted in the annex of Royal Decree 1851/2009, where modifications have been registered that facilitate access to this option.
Early retirement due to higher degree of disability
People with a disability equal to or greater than 65% can access early retirement from the age of 52. In this case, the contribution of the workers must be at least 15 years. However, the years of anticipation of retirement depend on the degree of disability and whether the person needs assistance to perform basic tasks.
Different coefficients are used, such as 0.25 if the person has a disability of more than 65%, or 0.50 if they require assistance. This coefficient is multiplied by the years worked to obtain the reduction with respect to the ordinary retirement age.
Early retirement for self-employed workers
Self-employed workers, one of the groups most affected by tax obligations, can only retire early if they have a disability equal to or greater than 45%. The conditions are comparable to those of workers on behalf of others, although some associations express dissatisfaction with these measures, claiming certain advantages that they consider to be unjustifiably excluded.
