Pension Supplements and Childcare Credits Explained

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retired individuals may find some relief. Many can soon see increases in their pensions, with the rise potentially reaching about 400 euros per year for those who meet certain criteria. This group may opt to apply a surcharge aimed at reducing the gender gap in pensions and to replace the previously labeled “maternity supplement” defined by Article 60 and incorporated into the General Social Security Law with Law No. 48/2015.

This change was prompted by an EU Court of Justice ruling that found the previous design discriminatory, leading to adjustments that address the gaps without altering the root source of gender inequality in retirement benefits.

Tell me where you live in Alicante and I’ll tell you how much pension you get.

The system can add up to 378 euros more each year for each child to those who prove that caring for children during their career affected their work opportunities.

When will the pension be paid this month? Pixabay

Thus, the monthly increase for eligible retirees is dispensed in 14 installments, with a maximum of four children, granting an additional 27 euros per month. As an example, the surplus can amount to an annual income of up to 1,512 euros for families with four children.

This is the amount you can claim to delay retirement age.

To qualify for this upgrade, one must be covered by any plan of the Social Security system, request a supplementary pension, a permanent disability or survivor’s pension, and have one or more children registered with the social security system. They are mutually exclusive and are paid under the SGK regime, where the pensioner is more formally registered.

What is a premium pension?

The supplement is requested by submitting an application. Through the National Institute of Social Security (INSS) or, for seafarers, at the Naval Social Institute.

Announcement about pensions and Christmas supplement

Finally, although the majority of beneficiaries are women, many men who have taken time to care for children may also qualify. In such cases, and when receiving a survivor’s pension due to the death of the other parent, they must show that their career was interrupted or adversely affected by the arrival of a child.

Additionally, they may choose to receive extra payments for their dependent son or daughter, provided that a man receiving a survivor’s pension remains eligible for an orphan’s pension.

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