Vital benefits for various needs
Social Security offers various vital benefits that cover situations of retirement, disability or death. The amount to receive is linked to the years of contribution and the characteristics of each benefit.
Requirements for retirement benefits
The requirements to access retirement benefits are related to years of contribution. A minimum of 15 years of contribution is set as a fundamental requirement for those workers who do not reach this amount, Social Security offers non-contributory pensions that cover different situations such as retirement or disability.
Operation of contributory pensions
Contributory pensions include benefits such as retirement, permanent disability or death. The amount to be collected is determined based on the regulatory base and the years of contribution. To receive 100% of the regulatory base for retirement, you must contribute for at least 35 years. Depending on the years of contribution, a different percentage of the regulatory base will be received, increasing this percentage up to 25 years of contribution and reducing it from the 26th year onwards.
Amount of the pension according to the years contributed
The amount of pension received varies according to the years contributed, from 50% for 15 years to 100% for 35 years. A gradual increase in the amount is applied depending on the years of contribution.
Operation of non-contributory pensions
For workers with less than 15 years of contributions, the Social Security offers non-contributory pensions managed by the Institute of Seniors and Social Services (IMSERSO) or by the autonomous communities. These grants represent important financial support for those people who do not meet the requirements for contributory pensions.