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This is the agreement to be able to add years of contributions to retirement without working

Date: February 23, 2024 Time: 22:41:51

To be able to access the contributory pension, it is necessary to have contributed to Social Security for at least 15 years. In addition, two of those years must have been completed during the 15 years prior to the retirement date. Some workers may find it difficult to meet these requirements, either due to the number of months contributed or due to the distance between them and the date of retirement, something that affects the older unemployed who find it impossible to re-enter In the laboral world.

Another factor that may contribute to the lack of access to a contributory pension is that the years of contribution have not been the minimum required or that the bases have been equally low. Whatever it is, there are different systems to be able to supplement the pension if we believe that it will not be high enough to be able to live once the retirement age has been reached.

One of the systems that Social Security makes available to citizens are special agreements, which serve to extend the right to Social Security benefits. Workers who do not meet the requirements can take advantage of this agreement before or after retirement, although in this second case they must be done within one year after the retirement age has been exceeded.

Who can benefit from the special agreement

The workers who can take advantage of this Special Agreement of Ordinary General Regulation of Social Security are:

Workers who leave the Social Security Regime in which they are and are not included in any other. Social Security. for others or own account. pensioners with total permanent disability for their habitual profession, who after the effective date of the corresponding pension have carried out work and have been included in a Regime of the Social Security System and are in one of the above situations. the unemployment subsidy and stop receiving them.

Requirements and monthly fees to be paid during the agreement

Most commonly, this special agreement is signed by workers over the age of 55 who have been discharged from Social Security. Once subscribed, the taxpayer will start to pay a monthly fee in order to increase the amount of his pension. As a mandatory requirement, it will be necessary to have at least 1,080 days of contributions in the twelve years prior to the worker’s withdrawal from Social Security.

The objective of this program is for the worker to continue contributing and benefiting from Social Security coverage, even if he does not work. The amounts of contributions to be paid are calculated according to the contribution base chosen by the worker himself (which will affect the amount of the pension), applying the single current contribution rate. Thus, for example, installments of 255.52, 532.04 and 1,101.16 euros per month will be paid depending on whether the bases are 960.60, 2,000 euros or 4,070 euros respectively.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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