In most cases, workers want to retire so they can enjoy an income without having to work for it. Currently, in Spain people can have access to retirement from the age of 65, as long as they have contributed for at least 37 years and nine months. If you do not reach that contribution period, The retirement age is set at 66 years and four months. However, there is also the possibility of retiring before reaching the required age if the requirements established by law are met; however, not all people have the possibility of accessing this option.
In order to retire early, it is necessary to meet a series of requirements that are more demanding than in the case of a normal retirement. This way, There are certain contribution levels and, in turn, a compensation is required from the interested party that is justified by this advance accompanied by cuts in the benefit received.
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Today, There are mainly two types of early retirement provided: the voluntary one, the one requested by the person who wants to retire and that allows an advance of up to two years in the ordinary age; and involuntary, which is not requested by the person who will enjoy it but rather involves the termination of their contract at the will of their employer. The latter allows you to anticipate up to four years to the age required in the normal procedure.
It will not be possible to obtain early retirement those who do not fall within the types mentioned above, which are those provided for by law, that is, voluntary and involuntary. Those people who, being within one of these two groups, do not meet the requirements will also not be able to access early retirement, which, as expected, are even more demanding than those that must be met by those who retire with their corresponding years.
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Specifically, workers who have contributed less than 35 years (voluntary early retirements) or 35 years (involuntary early retirements) to Social Security will not be able to retire early; those who, although they have contributed for the established years, have not contributed for more than two years in the previous 15-year period at the date of retirement application; nor those who are not registered or assimilated in Social Security at the time of making the retirement request in the case of voluntary early retirements.
On the other hand, to be able to apply for involuntary early retirement, workers must have registered for unemployment for at least six months before requesting retirement and be subject to some of the causes of termination of contracts contemplated by law. In the event that the requirements established by law are not met, These workers must necessarily wait for ordinary retirementalso meeting its needs in terms of years of contributions and age.