![old-age-164760_1280-9757367](<a href="https://rmarketingdigital.com/en/wiki/https/" target="_blank" data-wpel-link="internal">https</a>://rmarketingdigital.com/wp-content/uploads/2021/04/old-age-164760_1280-9757367.jpg)
It is very convenient in the first place that you distinguish what are contributory pensions from those that are not. Because its mechanisms are totally different and the fact that you cannot enter the first ones will not prevent you from being a recipient of the non-contributory ones. Since this option will depend on the years that you have cited throughout your career or career. Not surprisingly, the difference in the amounts is very relevant when it comes to retirement in the labor market.
Well, contributory pensions are economic benefits and the granting of which is generally subject to a prior legal link with Social Security. For which you will have no other solution than to provide a minimum contribution period. Definitively 15 years of contributions on all your employment history. Although on the contrary, non-contributory pensions differ in that it will not be necessary that you have previously contributed. You can even get them without having worked your whole life.
Minimum amount of pensions
The aspect of greatest interest will be based on what will be the minimum limit that you will get to charge when this phase of your life arrives. Currently, the minimum pension is related to the annual pension revaluation regulations. Just a few weeks ago its amount was revalued so that retirees can face the rise in prices shown by the consumer price index (CPI). Another factor you should pay attention to is that are distributed in 14 monthly payments. In other words, two extras that you will charge in the months of June and December and that will be compensated as extraordinary payments.
In this regard, the 2018 budgets incorporate the revaluation of pensions with 0.25% and, at the same time, the new measures aimed at increase lower pensions they will affect about 6 million pensioners. Based on this scenario, the Ministry of Finance calculates the average rise in minimum pensions, with an increase of 250 euros and reaching the amount of up to 12,040 euros. With an average rise of around 100 euros. In practice, it will mean an increase in the 3% for minimum pensions. While on the contrary, widowhood pensions will rise by 2%, in other words, one percentage point less. So from this dynamic, they receive an amount of 450 euros more per year.
If you cannot enter the pension?
En este aspecto, la pensión no contributiva implica una cuota íntegra que es de 5136,6 euros anuales. Aún cuando además tienes importes que se pueden superar y eso es 1284,15 euros anuales. Monto que está destinado a persons que brinden las siguientes características:
- You have to have a minimum age 65 years and from which you can sue at any time in your life.
- The you will have legal residence in Spain. For a minimum period of at least ten years of residence. Of which, two of them must have been immediately prior to the date of application for the non-contributory pension and without interruption.
- You must necessarily lack income. In this regard, you will be integrated into this social group when your annual income does not exceed 5,136.60 euros.
Retirement age
It will also be very important that you take into account at what age you can enjoy a contributory retirement. Well this period is 67 years and 37 years worked. You can also carry out this procedure at age 65, even when to collect the full pension, in other words, the 100%, it will be completely necessary that you have 38 years and 6 months of contributions. Because if not, the amount will drop significantly compared to the previous calculations. It should come as no surprise that your situation is not as satisfactory if you choose to advance the deadlines. To the point that you must assess whether or not it is convenient for you to take this step in your work situation from now on.
On the other hand, you can't forget that you can qualify for unemployment benefits before it's time to retire. Another of the characteristics of this modality is that the time you are charging for the Unemployment benefit it will quote you for the quote that you will have to collect a few years later. In a way, this is what usually happens with the EREs applied by a large part of the companies in this country. It is a formula that employees adopt to in short be in a better position to have a good pension for their golden years.
Progressive nature of pensions
Nor can it be forgotten that another requirement for you to be able to collect the pension from now on is based on the fact that you will have to contribute for at least two years. for the last 15 years. This aspect is essential to the point that there are some employees who often neglect this aspect. Not surprisingly, it can generate some other problem for the collection of your retirement. Therefore, it is very convenient that you take this factor into account during the last moments of your working life. So that you cannot play a bad past in the most critical moments of your connection with the labor market. Beyond other technical considerations to calculate what your retirement will be when in short you stop working.
Other considerations to examine
If you do not want you to face retirement with excessive problems, you should ask the official bodies what your real situation is in terms of the years of contributions. Tea it will give you the approximate calculation of what you have to perceive during those years. So that you can even select the most appropriate age to end your working life before collecting a contributory pension. In another vein, seeking the services of an agency will also facilitate this task with a result that can be very satisfactory for your personal expectations.
If for any reason, you find that the pension you are going to collect is minimal, you always have the option of opting for a retirement plan that will generate more income in this new phase of your personal life. Through these financial instruments, they can get a return on their savings. around 3% or 4%. This will help you to have a more optimal standard of living at the end of retirement. It is an administration that you can formalize through equities or fixed income. Depending on the needs you present for the phase as a retiree. Therefore, depending on the profile you present as a saver.
This is something you have to do if you find that you will have a minimum pension that will prevent you from living without undue problems. So that you can count, at the same time as your retirement, with an income generated from this guideline of action that all employees can take advantage of a few years in advance. So that from this dynamic, the rent each month rises with a certain intensity and you do not have to settle for the minimum pension that will be just over 600 euros per month. It is very convenient that you take this factor into account during the last moments of your work life.
