Early retirement falls 7% after seven months of the pension reform

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The number of early retirements has fallen between January and July 7.63% year-on-yearafter in 2022 the pension reform that encourages early retirement to be delayed for a few months voluntary and fixes that discharge to retirement be monthly instead of quarterly. In this context, 57% of voluntary early retirements until July have been delayed within the quarter, increasing the amount of the pension with respect to the previous regulation, according to the Social Security data included in its budgets for 2023.

In total, between January and July there were 67,581 new anticipated registrations in the pension system, 7.63% less than in the same period of the previous year, of which 35,683 (3.32% less) correspond to voluntary early retirement to which a reduction coefficient is applied. Early retirement can be requested voluntarily up to two years before reaching the legal retirement age, but the pension reform penalizes with greater reduction coefficients those who access in months 24 and 23 before the legal age, while from month 22 the reduction is less, so it is convenient to delay retirement plans for two months. The coefficients in the three months prior to reaching the legal retirement age also worsen, although to a lesser extent.

The amount of anticipated pensions has traditionally been higher than non-anticipated ones, a gap that has widened in the last decade due to the fall in the average amount of non-anticipated pensions between 2013 and 2018, with which the differential has gone from about 200 to about 400 euros per month (1,700 euros compared to 1,300 euros). In this way, the new non-early registrations have been aligned downwards with the average of all current retirement pensions.

Delayed retirement grows 5%

The delayed retirement modality, which provides financial incentives for each year of delay, has increased by 5% between January and July compared to the same period of the previous year, up to a total of 10,187 registrations. Of those that have been delayed in 2022, 41.8% are self-employed and 58.2% are workers by others, which means an increase in the weight of delayed retirement in the general scheme, although the proportion of self-employed workers who delay depending on their group is more than double that for workers employed by others.

The weighted average delay for all registrations is 2.6 years, although the greater the number of years of contributions, the shorter the delay, so that for those who have contributed up to 25 years the average is 3.16 years, while for listed careers over 37 years the average drops to 2.22 years. Of the total delayed retirements caused under the 2021 pension law, 86.6% have chosen to increase the percentage of the pension by 4% for each year delayed and 13.4%, by the lump sum .

who have chosen the single check they have received an average of 6,841 euros for a delayed year, 13,957 euros for two years and 21,897 euros for three years, which are the most common cases. However, they have been paid amounts greater than 130,000 euros for exceptional cases (mostly self-employed workers) in whom retirement has been delayed between 16 and 29 years.

Source: lainformacion.com

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