What pension remains with 40 years of contributions: penalties, requirements and bonuses

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The pension reform promoted by the Government of Pedro Sanchez and led by the Minister of Inclusion, Social Security and migrations, Jose Maria Escriva, which seeks to ensure the viability of the public pay-as-you-go system and guarantee decent and fair benefits, has had an impact on issues such as the extension of working life, with the penalization of early retirement and incentives for delayed dismissal. In addition, it contemplates measures such as the increase in benefits according to the Consumer Price Index (CPI)which benefit current pensioners, and will promote measures that can generate a cut in the benefits of the ‘baby boom’ generation, the most numerous and which has earned a high retirement benefit.

However, the Executive’s project has left aside the workers with long trading runs and has contemplated only in a very superficial way great labor efforts with bonuses, which reward those who contributed to the Social Security part of their payroll for more than 44 and a half, something exceptional, or those who with 40 years of contributions have been left with a pension of less than 900 euros. In this context and with very little data provided by the Government regarding the years contributed by workers to obtain the pension, the beneficiaries of the bonuses and statistics that refer to these circumstances, it is necessary to go to parliamentary questions to know part of reality.

Associations like Asjubi40whose objective is to value the overcontribution and not be penalized when retiring early, are working so that these workers are recognized, in some way, but so far the responses of the Executive, as recognized by the spokesman Santiago Menchero, are very far from the demands of pensioners and future pensioners with long careers. Data from different sources show that although the number of pensioners with (very) long careers who could benefit from Escrivá’s small bonuses due to their peculiarities is around 237,000, not all of them can obtain the bonuses, since 24,000 received the maximum pension.

The parents of the ‘baby boomers’ are the main victims. They started working at 17-18 years old and at 58 they had already contributed for four decades

According to Asjubi40, only 99,000 received notification that they would collect the supplement, which means that the rest may have been excluded for other reasons or that their files are still being studied. Of these situations, the parents of the ‘baby boom’ they are the main losers, since they started working on many cases when they were 17-18 years old and now they don’t find any gratification. This implies that with just 58 years, seven years after ordinary retirement, they already credit more than four decades of contributions. The matter has even been taken to Europe by the law firm Navas & CusiSpecialized in Law of the European Union.

One piece of information provided by the pensioners’ association is that up to 770,000 current retirees have 40 years or more quoteds and retired before age 65, with significant cuts to their benefits. Of these, only the aforementioned 99,000 will be partially compensated for their dedication and the Government provides 78 million euros for this project, although so far it has only disbursed a minimal part.

How many pensioners are there with more than 40 years of contributions?

At least that is what the Executive recognized in a parliamentary response dated a few months ago to a question from the senator Carles Muletbelonging to Confederal Left Group. In the written response it is admitted that up to 769,778 pensioners have contributed for four decades and in this group the Catalans stand out, accounting for one in five. Meanwhile, civil servants and other groups of workers who, due to different circumstances, do not see their retirement penalized are an excuse, more or less argued, to defend certain retirements without penalty. In the last years of work, and more after 40 active years, there are more risks of becoming disabled and even of mortality.

How long listing careers are rewarded in Europe

In Europe there are several important references on the prizes for long races. In Portugal, an employee can retire at 60 years of age or earlier and receive early retirement for having had a very long working life, as long as he proves a minimum contribution period and it is shown that he started working very young. For its part, in Italy, there is a very interesting and apparently fair model. Three years ago, the so-called ‘quota 100’ came into force, which provided for the possibility of retiring when the sum of the worker’s age and the years of contributions add up to at least 100, with a minimum requirement of age -62- and contribution -38- . Now, this commitment to reward overquotation is being evaluated and ‘couta 102’ is already on the table, which provides for 64-year-olds and 38 listed.

Source: lainformacion.com

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