HE Subsidy for people over 52 in SpainFinancial assistance for people who are unemployed at an advanced stage of their working life has undergone significant changes recently. These changes are vital for both current support recipients and those planning to apply in the future and were recently announced by the Government.
To be eligible for this subsidy, applicants must meet several requirements that have not changed following the latest Government changes:
- Age.Being 52 years of age or older at the time of application.
- Unemployment situation. Register as a job seeker.
- Social security grants. You must have paid unemployment benefits for at least 15 years during your working life.
- Income rate. Do not exceed the established income limit, usually 75% of the Minimum Interprofessional Salary (SMI).
One of the issues that those receiving aid were wondering about was whether the change would increase the aid amount, but for now this is not the case. The government decided to keep the subsidy amount at 80% of the Multiple Impact Public Revenue Indicator (IPREM). This means that for now the monthly benefit remains the same. 480 euros. However, it is important to note that IPREM may be updated annually, which may mean an increase in this amount if the indicator in question increases. Currently, it has not been announced what the IPREM will be for 2024.
Operating Compatibility
One of the most important innovations brought by the new regulation on unemployment benefits is that people over the age of 52 can benefit from this aid. align it with a job.
This means that the recipients of this award Allowance for citizens over 52 years of age and when they find employment, whether full-time or part-time, they can continue to receive additional help. This measure aims to promote the reintegration of this group into the labor market and facilitate a smoother transition to retirement.
Changes in pension contributions
Another of the most relevant changes Gradual reduction of the pension contribution base. This measure will affect new beneficiaries of support from 1 June 2024. The contribution base, which is currently 125 percent of the minimum base, will gradually decrease to 105 percent in 2027. This change is important because it affects the contribution margin. For beneficiaries’ future retirement benefits.
If we look at it more brokenly, the decrease will look like this. The managing organization will contribute to the retirement possibility using the following contributions:
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during exercise 2024 The contribution base will be equivalent to: 120 percent the minimum contribution base of the General Social Security Regime that has always been in force
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during exercise 2025 The contribution base will be equivalent to: 115 percent the minimum contribution base of the General Social Security Regime that has always been in force
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during exercise 2026 The contribution base will be equivalent to: 110 percent the minimum contribution base of the General Social Security Regime that has always been in force
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during exercise 2027 The contribution base will be equivalent to: 105 percent the minimum contribution base of the General Social Security Regime that has always been in force
In this way, the unemployed will start collecting aid from people over the age of 52. June 1, 2024 They will see how their contributions decrease until they reach 105%. Those currently collecting aid will not be affected by this discount.