the implementation of The pension reform continues on its course while the Toledo Pact continues, after more than two years of work, looking for ways to ensure the present and future of the public system . The arrival of 2019 will bring a new change in the requirements for access to retirement in compliance of the law on pensions, which since the year 2013 is forcing you to work longer and charge less as formulas to sustain the system, which is still struggling to recover from a crisis that ended with 3.7 million jobs.
The standard delayed progressively the retirement age to 67 years in 2027. So, those who want to retire over the next year with 100% of the board that may correspond to them, must have already completed the age of 65 years and eight months. From 2019 the retirement age will increase two months each year until 2027.
What are the advantages for the public system to delay the age of retirement? On the one hand, allows for more working population to fund pensions, and on the other, it delays the payment of the pension. That is to say, if a worker is still active up to the age of 67, two years more that it brings to the common box, but not getting pension.
The delay, which is approved in general, has its exceptions. Workers who accumulated a long working life can retire with your full pension at 65 years as long as they are quoted 36 years and nine months or more. For each exercise increases this period in three months until 2027, when those who wish to retire at 65 should have a quote of at least 38 years and six months.
The generation that is retiring now began to work very young and, therefore, accumulate many years of contributions to the system. More trouble for skipping this bar will have the young people of today, who have started later on to quote and with low wages. They will also have problems, women with gaps of quote.
Manifestation of retirees in Pamplona - ABC
In 2019, will also change the years that are taken into account to calculate the pension, which this year will be set at 22 years. From 2013 we opened a transitional period until 1 January 2022, in which the period of contribution required to calculate the pension will form the progressive from 15 years to 25 years. Each financial year, starting from 2013, we will be adding a year to complete the above 25 years in 2022.
The new year will also bring changes in the early retirement. The standard delayed until 63 years and eight months, the age of access to voluntary early retirement, which in parallel to the legal withdrawal may be made two years before until the year 2027, when it will be set to the minimum of 65 years. In addition, to access this mode are required at least 35 years of contribution, and for each quarter in advance about the official age of retirement the pension will suffer a penalty progressive that will run from the 2% of the regulatory base, if you have contributed less than 38.5 years, up 1,625% if more than 44,5 years quoted.
In the case of forced retirement, it may be made up to four years before the legal age of retirement -in 2019, the 61-year-old and eight-.
will Be needed 33 years of contribution as a minimum, and the penalty will go from the 1,875% per quarter advance to less than 38.5 years are quoted, up to 1.5% for most of 44,5 years quoted.
The act of updating, adequacy and modernisation of the Social Security system was agreed to by the Government of Rodríguez Zapatero with the employers associations CEOE and Cepyme and the trade unions CC.OO. and UGT in February of 2011. The law was adopted in August 2011, when some of its provisions came into force, and others did so in January 2012, while the commissioning of the bulk of the reform, such as the increase of the retirement age was established on the 1 of January of 2013, as the Government of Mariano Rajoy.Climbs identical to the CPI
regulatory Changes, and new amounts for the pension in 2019. The same has happened this year, the payroll of retirees will rise with the CPI after that are desterrase the increase of 0.25% set by the law of pensions applied the last five years.
The rise of the pension already became a political battleground in the General Budgets of 2018. is The topside that initially provided for by the law of only 0.25% ended in an increase of 3% for the minimum , and 1.6% for all the others, after an agreement of the Government of Mariano Rajoy, the PNV, and Citizens. Those boosts were, finally, the Government of Pedro Sánchez, applied when you processed the accounts.
And for the next year, as agreed by Pedro Sanchez with we Can repeat the same operation. The CPI will be the benchmark for the revaluation and the minimum will grow, again, a 3%. Before, the Government should compensate pensioners for the deviation of the prices of insurance will result in this exercise, the expected increases are higher than the 1.6% in the increase in the pensones. The difference shall be credited in a pay only in January.