• Social Security: Will young people get a public pension in Spain when they retire?

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Spaniards who want to retire in 2021 with 100% of the pension will have

to

be

at least 66 years old

, by virtue of the 2013 pension reform, in which the retirement age was progressively raised from 65 to 67 years , in a total horizon of 15 years, these 66 years will be the age required for those who prove

less than 37 years and three months of contributions

(this year 65 years and ten months are required to be able to retire with less than 37 years of contributions ).Yes

If you exceed 37 years and three months of contributions, workers who want to retire next year with 100% of the pension will have to be 65 years old. What did not change with the 2013 reform is the minimum contribution requirement to be able to access to the contributory retirement pension, which remained at

at least 15 years

, two of which must be comprised in the 15 years prior to retirement.In addition, next year the period for calculating pensions goes up one year compared to 2020, from the current 23 years to 24 years.

This assumes that the pension will be calculated from January 1

based on the prices of the last 24 years.

PARTIAL RETIREMENT

In the event that workers want to access partial retirement without the company making a relief contract, the minimum access age will be the ordinary retirement age that is applicable in each case. If the company makes a relief contract To cover the working time that the person who partially retires stops working, the minimum age of access for partial retirement will be from next January 1,

62 years if they have contributed at least 35 years and three months

, or 63 years in the case of 33 years of contributions.

THE MINIMUM PENSIONS RAISE BETWEEN 2 AND 11 EUROS

Minimum contributory pensions will go up next year approximately

between 2 and 11 euros per month with the revaluation of 0.9%

contemplated in the General State Budgets (PGE) for 2021. Specifically, with the 0.9% increase, the amount of the minimum pension for 65-year-old retirees with a dependent spouse will remain at 851 euros per month in 14 payments (compared to 843.4 euros per current month);

that of without a spouse (one-person economic unit) at 689.7 euros (683.5 euros currently), and that of with a non-dependent spouse at 654.6 euros per month (compared to 648.7 euros today).

under 65 years of age, l

The minimum pension with a dependent spouse is set in 2021 at 797.9 euros per month (790.7 euros currently);

Without a spouse at 645.3 euros per month (639.5 euros now), and with a non-dependent spouse at 609.9 euros per month (604.4 euros currently). For its part, the maximum retirement pension will be set next year at 2,707.49 euros per month for fourteen payments, compared to 2,683.34 euros per month this year.

RAISE OF UP TO 7.2 EUROS PER MONTH FOR WIDOWS

The minimum widowhood pensions will rise in 2021 between 4.7 and 7.2 euros per month, depending on the circumstances.

Specifically, the minimum widowhood pension for holders with family dependents will be 797.9 euros per month, in contrast to the current 790.7 euros per month In the case of being over 65 or having a greater disability or equal to 65%, the minimum widow's pension will be 689.7 euros per month, which is 6.2 euros more than now. If the holder of the widow's pension has

between 60 and 64 years, the amount in 2021 will be 645.3 euros per month

(Currently 639.5 euros), while in the case of beneficiaries under 60 years of age the benefit will be 522.5 euros per month (517.8 euros this year) .For its part, the minimum contributory pension for severe disability will rise in 2021 up to 1,276.5 euros per month (1,265.1 euros currently) if you have a dependent spouse, and it will rise to 1,034.6 euros if the spouse is not in charge (one-person economic unit), in contrast to 1,025, 3 euros per current month The minimum pension for total or absolute disability of holders with 65 years of age with a dependent spouse will be 851 euros per month next year, in contrast to the current 843.4 euros, while that of those who do not have a dependent spouse (one-person economic unit) will be 689.7 euros per month (683.5 euros currently), according to the Europa Press agency.

ORPHANS

In the case of orphan's pensions, the minimum amount will be 210.8 euros per month per beneficiary next year (now they are 208.9 euros), while if the beneficiary is under 18 years of age and has a greater or greater disability or equal to 65%, the amount will be 414.7 euros per month, almost four euros more than this year.

in favor of relatives will be in 2021 at 210.8 euros per month

, compared to the current 208.9 euros, while the pension of the extinct Obligatory Old Age and Disability Insurance (SOVI) will be 441.7 euros per month in the case of old age, disability and widowhood (437.7 euros now) and if concur with a public widowhood pension will amount to 428.7 euros per month (424.8 euros at present). The PGE for 2021 contemplate an expenditure on contributory pensions, including minimum ones, of 143,046 million euros, which represents a 3% increase compared to fiscal year 2020. This increase has taken into account the 0.9% revaluation of pensions, the increase in the group of pensioners and the variation in the average pension.

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