The calculation of pensions up to the age of 29 will increase by four months per year between 2027 and 2038.

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The calculation period of the pension will be increased to 29 years, with the exception of the two worst years recommended by the Government to social workers, to 4 months per year. from 2027 to 2038, As stated in the Executive draft for the second phase of pension reform to which Europa Press has access.

The Ministry of Inclusion, Social Security and Immigration proposed changes to the calculation period of the pension on Friday so that it will be calculated or last 25 years quoted (300 months) or 29-year contribution (348 months) excluding the worst two years (24 months), so in practice the calculation in this second case would be 27 years (324 months).

In this way, it will be possible to choose between already existing (last 25 years of contributions) or to use a 29-year calculation period, eliminating the worst two-year contribution year. Well If it is not more beneficial to take 27 years in total, the calculation period will remain as 25 years. (29 years minus the two worst).

This dual regime of the calculation period will be in effect for 20 years. From 2044, the pension will only be calculated on contributions from the last 29 years and two years can be written off.

The new option presented (29 years or 348 months excluding two years or 24 months) will be displayed. gradually over 12 years from 2027, this will especially benefit workers with irregular careers.

Specifically, the draft specifies that the extension to 29 years will be carried out at a rate of four months per year. From 2027 to 2038.

Thus, in the first year this new option was introduced, 2027The pension can be calculated over the last 300 monthly contributions (25 years) or the last 304 monthly contributions (25.33 years), excluding two months. your pension 302 monthly higher contribution margin (25.16 years). Ex officio, the most advantageous for the worker will always be applied.

in 2031For example, pension, using contributions from the last 25 years, or 26.66 annual contribution (320 months), excluding 10 months, The validity period for the calculation of the pension will be 25.83 years (310 months) or 25 years if it is more advantageous for the pensioner.

in 2038when this gradual extension of the calculation period, offered as a new option, ends, the pension is determined by: 324 monthly contributions (27 years) in the last 348 months (29 years) or with premiums for the last 25 years, depending on what is in the worker’s favour.

For the purpose of calculating the regulatory base of the pension, when it arises After December 31, 2026 and before December 31, 2040, As stated in the draft, a calculation period of 25 years will be applied if the pensions are more beneficial than the ones in force at the time of termination.

For pensions caused 2041, 2042 and 2043 The legal basis on which the pension will be calculated will include the contribution basis of the last 306 months (25.5 years), 312 months (26 years) and 318 months (26.5 years), respectively, if the said calculation is more appropriate. It is valid on the date of retirement.

Pension calculation period as of 2044 29 years, excluding worst two-year contribution yeara binary model will cease to exist.

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