The plans of the Ministry of Inclusion, Social Security and Migrations is that there are more and more workers who voluntarily decide to delay their retirement age. To this end, the first part of the pension reform approved at the end of 2021 included an increase in incentives for this type of withdrawal. However, after a full year with these new incentives available, the percentage of workers delaying their retirement is only 5.4%.
This percentage has been provided this Friday by the Minister of Social Security, José Luis Escrivá, who, however, has highlighted that despite the low volume of workers who take advantage of this delayed retirement, this modality has grown by 65%, since prior to the reform it was practically testimonial and was used almost entirely by the self-employed. “These are not great figures, but we are improving,” Escrivá said during an act of the organization of senior workers 65 and Over. However, this small number of people who delay their retirement collides head-on with the plans of Escrivá, who, in order to balance his pension reform accounts, trusts that more than half of the workers will voluntarily delay their retirement for three years. .
Thus, with the pension reform, the percentage of the pension that will be added for each full year of contributions after reaching the ordinary retirement age of each year was increased to 4%. In addition, the option was given that instead of seeing the pension increased by 4% for each year of more contributions, that amount is collected in one go at the time of retirement. The fixed amount per year contributed, depending on the years and the amounts contributed when reaching retirement age, ranges from approximately 5,000 to 13,000 euros.
According to Escrivá and based on the checks cashed last year, the average figure is in the high range (13,000) per year delayed. In fact, he specified that Social Security has come to pay single payments “of more than 200,000 euros” for cases of extreme delays in retirement, of 13 years or more.
The minister assured that, in addition, there is room to make more changes in active and partial retirement (the last phase of the pension reform includes the commitment to reform this last modality). For this, he has explained that there are pilot projects with primary care doctors, who see their pension increased in a way that is compatible with shifts of 50% and 75%.
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