Recipients of this award in Spain Allowance for citizens over 52 years of age They are in a unique position. pension. This aid, aimed at supporting the elderly unemployed, has suffered significant changes Regarding early retirement following the legal reforms of 12 March 2019.
Before these legal changes, those who benefited from this support They had to choose early retirement. This meant that when they reached the minimum age for early retirement, they had to switch from receiving benefits to receiving their pension. If it turns out that the pension is less than what they will receive when they retire at legal age. This has created difficulties for many people, as early retirement leads to reduced pension amounts and negatively affects those who lose their jobs in the final years of their careers.
With the latest legislative updates, more flexibility In this process. Right now, buyers subsidy People over 52 can decide whether they would like to retire early or wait until the standard retirement age.. This change is important in that it offers individuals the opportunity to make choices that better suit their personal needs and future plans.
In fact, the Ministry of Labor and Social Economy states that “if the necessary conditions continue, it will be taken not only until the date of reaching the early retirement age, but also until the date of reaching the normal retirement age.” .”
By choosing to continue the subsidy until the normal retirement age, Beneficiaries can maximize the amount of their pension. Early retirement remains an option, but it is no longer an imposition; This represents a relief for many people who would rather work longer and increase the size of their pensions.
Additionally, this change in the law reflects a deeper understanding of the economic and social realities of older people. By eliminating the obligation for early retirement, the diversity of personal situations is recognized and the autonomy of individuals to make important decisions regarding their financial and work future is respected.
How much is the allowance for people over the age of 52?
The Ministry indicates how much this amount will be. Equal to 80% of the Public Indicator for Multi-Impact Income (IPREM), which this year is 600 euros per month, Even if you are unemployed because you lost a part-time contract. The text includes the statement “Discount is being eliminated for those who receive the subsidy.”
Finally, it is stated that “in order to receive benefits from employees over the age of 52, other conditions specified in the Law are preserved and therefore it will be necessary to have paid unemployment premiums for at least six years.” At the time of application, you must declare that all conditions except age are met in order to be eligible for SSK-contributed retirement pension.
Early retirement or not
It is worth noting that the choice between early retirement and waiting until normal retirement age is an important decision that should not be taken lightly.
Each option has its own financial and personal consequences. For example, early retirement may be suitable for those who need immediate income or have health problems, while waiting may be more beneficial for those who want to maximize their retirement income and can continue to work or otherwise support themselves financially.