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These people have the option to retire early at 64, receiving 100% of their pension.

After many years of hard work, retirement is finally here.

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These people have the option to retire early at 64, receiving 100% of their pension.

After many years of hard work, retirement is finally here. But not everyone can retire at the exact same time. Some workers can leave their jobs at 64 without any reduction.

Social Security explained that it's a "special retirement at 64" and that although it was not considered a valid concept, it can still be used in certain situations. According to statistics, nearly 6,000 workers were able to benefit from this option each year. This allows them to quit work earlier than they expected and receive 100% of their pension without penalty.

Anyone who has ended their working life is going to retire is a thrilling time. This is an important step to take sooner or later. It can also affect the pension amount, which may be higher or lower depending upon the time. This will affect the monthly income you receive for the rest your life.

It was created as an exclusive mechanism for companies. This allowed workers to be linked and ensured their job positions. It also made it possible to have a mandatory generational shift. A 64-year old worker can retire if the company has followed the proper procedures. This allows him to quit work one year earlier than the established deadline without any penalty.

To ensure that this chain of contracts was not tampered with, it was necessary to only comply with the items indicated by the administration. This allowed for the coverage of certain jobs within certain templates.

Although this option was officially discontinued on January 1, 2013, it will continue to be available for as long as workers are still enrolled in the conditions that were applicable when this type retirement was available.

To receive 100% of the early pension, the worker must meet certain requirements, including the minimum contribution period.

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