The retirement age can be lengthened for those people who are somewhat fair in terms of their contribution. The pension regulations are clear and mean that some workers have to wait until they are even 66 years old to be able to finish their professional career.
The key lies in the ordinary retirement age and the previous contribution requirements that it demands, in addition to the retirement requirements itself (even in its early modality) that also require a certain contribution to be accumulated before it can be requested.
Thus, people who will not be able to retire until they are 66 years old are all those who have contribution periods of less than 33 years , which is the minimum period required for early retirement derived from a voluntary termination of work. This contribution amount is also less than that required for voluntary early retirement (which, among other things, requires 35 years).
If they do not reach that contribution, they will not be able to retire in an ordinary way at 65 years, since that age is destined for people with 37 years and three months of contributions, so these workers must retire at 66 years, the later age ordinary listing. In 2022 it will be a little more complicated: workers with less than 37 years and six months of contributions will have to retire at 66 years and two months.
In addition, these people will have to comply with the contribution requirement for retirement (a minimum of 15 years that entitles at least to the minimum pension or 50% of the regulatory base) and with the specific contribution period : two years in the last 15.
Excluded from these assumptions, yes, the workers who due to the hardship, toxicity or dangerousness of their activity have special voluntary retirements and the workers of the Passive Classes of the State, who have an ordinary retirement age of 65 years and who they can take early retirement with 100% of their pension even at age 60.
However, people who have to retire after age 66 will have to calculate their retirement pension the same as other workers. In 2021, the Social Security method takes into account the contribution bases of the last 24 years (288 bases) and divides them by 336 to form the regulatory base. The percentage of the regulatory base to which you are entitled depends on the years of contributions: with 15 years you get 50% and from there, each of the first 106 months gives an extra 0.21% and each of the following 146 months give an extra 0.19%.
This will also be modified in 2022 , when the contribution bases of the last 25 years (300 bases) will be taken into account to calculate the regulatory base, also varying the applied divisor, which becomes 350.
The cases in which they can delay your retirement
In view of the fact that their contribution is somewhat lower than that of other workers, and if they wish to increase the amount of their pension , these people who have to retire in an ordinary way at 66 years of age have two options , although both require extending their career professional and postpone withdrawal:
-The delayed retirement that rewards each extra year worked after retirement age with percentages between 2% and 4% of the regulatory base. This will change with the Escrivá reform as of 2022: a single payment will be chosen to 4% of the regulatory base for each year.
-The flexible retirement by which a partial job is made compatible with the collection of the pension (reducing it inversely proportional to the working day) to increase contributions.