What is the new retirement age in 2024?

Since 1 January 2013, the ordinary retirement age has been gradually increased each year until 2027, following a dual system for its determination that takes into account the age of the person making the claim and the qualifying period.

During 2024, in order to qualify for ordinary retirement, at least 15 years of contributions must have been paid and completed:

• 66 years and 6 months, if you have contributed for less than 38 years.
• 65 years, if you have contributed for 38 years or more.

The age for taking early retirement is also delayed, as it is linked to the ordinary retirement age. Specifically, in the case of forced early retirement, the age required is 4 years lower than the ordinary retirement age, and 2 years lower when the early retirement is voluntary.

In the case of partial early retirement, when the company must enter into a relief contract with another worker, in 2024 it is necessary to have reached 62 years and 6 months if at least 36 years of contributions have been paid, or 64 years of age if 33 years of contributions have been paid.

If you have any questions regarding this subject, please do not hesitate to contact us, Paula Pablos Torrent by telephone or by email at ppt@btsasociados.com, we will be delighted to help you.