Employment, Social Affairs & Inclusion

Spain - Early retirement pensions

This chapter explains the possibilities for taking early retirement that exist in Spain.

Below we will tell you about different types of early retirement:

  • If you have been a mutuality member;
  • Because of occupational activity;
  • In case of disability;
  • In case of compulsory termination;
  • In case of voluntary termination.

When can you apply for these?

In Spain, you can take early retirement before the legal retirement age, under certain circumstances:

What requirements must you meet?

  • If you have been a mutuality member: you can take early retirement as a mutuality member if you are registered with Social Security and meet the minimum contribution period required for an ordinary pensioner. Furthermore, you should be part of any of the specific group of workers established by law.
  • Because of occupational activity: you can take early retirement if you worked as a miner, flight crew, railway worker, artist, bullfighter, firefighter or member of the Ertzaintza (Basque regional police force). Furthermore, you should be registered and meet the general requirements for ordinary retirement. You should be 52 or more to apply for this pension, but minimum ages vary according to the profession and danger of the work.
  • In case of disability: you can take early retirement if you have at least 65% disability and can prove you have had it for the whole period of your activity. Furthermore, you should meet the general contribution requirements. The reduction in retirement age is established on the basis of some coefficients, but it may never be less than 52.
  • If your disability is equal to or greater than 45%, you should be registered, have contributed for the minimum contribution period established and prove that during that period you have had one of the disabilities set by law. You may not take retirement before the age of 56 (in this case, there are no age reduction coefficients).
  • In case of involuntary termination of work: if you have left work due to corporate restructuring, you may take early retirement if you are no more than four years younger than the legal retirement age and have been registered for at least six months as a job seeker prior to applying for retirement. You should also have contributed for 33 years, at least 2 of which should be during the 15 years prior to being entitled to retirement.
  • In case of voluntary termination of work: if you decide to leave work voluntarily, you can take early retirement if you are no more than 2 years younger than the legal retirement age, are registered with Social Security and have contributed for at least 35 years, at least 2 of which should be during the 15 years prior to being entitled to retirement. Furthermore, the amount of your pension should be higher than the minimum which corresponds to your family circumstances at the time of reaching 65.

What are you entitled to and how can you apply for it?

Early retirement as a mutuality member

Amount

Payment

The amount of your resulting pension will be reduced:

  • If your termination of work was voluntary, the amount of the pension shall be reduced by 8% for each year you have until you become 65 years old, according to a certain scale.
  • If you credit over 30 full years of contribution, your termination of work was involuntary, the reduction percentages of the amount of the pension will be from 7.5% to 6%, depending on the contribution years.

14 monthly payments

Minimum amounts are guaranteed, according to age and family dependents.

Early retirement because of occupational activity

Amount

Payment

In general, the amount of time by which the worker's retirement age can be lowered will be taken as insured for the sole purpose of determining the percentage applicable for calculating the amount of the retirement pension.

14 monthly payments

Minimum amounts are guaranteed, according to age and family dependents

Early retirement of workers with a disability

Disability

Calculating the pension

Payment

Greater than or equal to 65%

Greater than or equal to 45%

The amount of time by which the worker's retirement age can be lowered will be taken as insured. On this basis, the percentage applicable to the corresponding calculation basis, depending on the contribution years, will be applied

14 monthly payments

Minimum amounts are guaranteed, according to age and family dependents

In case of compulsory and voluntary termination

Amount

Payment

The amount of the pension is determined by applying to the calculation basis the corresponding percentage depending on the contribution years. The resulting amount will be reduced by applying reduction coefficients that will vary depending on whether yours was an involuntary or voluntary termination.

14 monthly payments

In the event of compulsory termination, the minimum amounts are guaranteed, according to age and family dependents.

In both cases, once reduction coefficients are applied, the amount of the pension may not be greater than the amount that results from reducing the maximum pension ceiling by 0.5% for each quarter or fraction of a quarter of the early retirement period (2% annually).

Jargon busters

  • Mutuality member: a person that belonged to one of the old occupational mutual insurance companies (compulsory social benefit systems in certain activities).
  • Corporate restructuring: measures taken by a company to transform its production structure. Especially at moments of crisis, restructuring seeks to give added impetus to production by making changes to the company's organisation and operations which often means restructuring the workforce. 

Documents you will need

Find out about your entitlements

These links will help you to find out about your entitlements in Spain. They are not European Commission links and do not represent the opinion of the Commission:

Publications and web pages of the European Commission:

  • Retiring abroad: your entitlements as a European citizen abroad.

Who can you contact?

Instituto Nacional de la Seguridad Social (INSS)
C/ Padre Damián, 4
28036 Madrid
SPAIN
Tel. +34 915688300 
Fax +34 915640484
Web page: http://www.seg-social.es

Social Security Information Centres.

For any problem with your entitlement as a European citizen: EU welfare services.

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