Although we all think of retirement as an option that comes at a specific and calculated moment, the one established by the law to retire, the truth is that on some occasions this date can appear unexpectedly. Suffering a dismissal at work very close to that age can cause that, without having considered it until then, we advance the retirement age.
In fact, there are people who, starting at age 62, can already retire by exploring this path. The way to do this is through early retirement due to involuntary termination of work , which allows early retirement to be advanced a couple of years more than in most cases due to the difficulty of finding work at that age.
Although deriving from a dismissal is one of its fundamental requirements, another of them is to be able to advance early retirement in those cases a maximum of four years. That is why some workers cannot do it until they are 62 years old: those who have contributed for less than 37 years and 3 months, who in 2021 have a retirement age of 66 years.
Apart from these two fundamental requirements, citizens have to meet others to be able to access this type of early retirement:
-Have a previous contribution of at least 33 years , of which two must have worked in the last 15 years. Agricultural workers must have contributed six of the last 10 years.
-Be registered as a job seeker during the six months after dismissal.
-That the dismissal takes place due to a ” business restructuring situation “. For this to be considered this way, there must be a collective or objective dismissal for economic, technical, organizational or production reasons, a termination of the contract by judicial resolution or due to the existence of a cause of force majeure (death, disability or retirement of the employer individual).
Workers who take advantage of this early retirement should know that, like voluntary early retirements, their pensions will also be reduced through the application of reducing coefficients that cut their regulatory base and depend on the years contributed by the worker:
-For workers under 38 years and six months of contributions, the reduction coefficient will be 1.875% of the regulatory base per quarter.
-For workers between 38 years and six months and 41 years and six months the reduction will be 1.75% per quarter in advance.
-For workers between 41 years and six months and 44 years and six months of contributions, the reduction will be 1.625% per quarter.
-For workers over 44 years and six months, the reduction will be 1.5% per quarter.