How much do I have to pay to receive the maximum pension?

This is a frequent question among workers. The amount depends on the number of years worked after the reform made by the law approved in 2011, which modifies the period during which a worker has to pay to be entitled to 100% of the pension that corresponds. In we explain how much you must quote to collect the maximum pension .

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The key lies in the time quoted : before it was 35 years and progressively will increase to 37 years. When will that change definitely occur? In the year 2027. From that moment all citizens who retire will have to work at least 37 years to collect the maximum retirement pension. From 2014 to 2027, how is it going to be calculated? Looking at the following table you can check the progressivity of it.

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Explanatory table with the period of application of the retirement age. From 2013 to 2019 it will reach 35.5 years of contributions to be able to retire with the pension to the maximum. In the decade of the 20s will reach the maximum that will be needed then, which is 37 years. From the year 2027 this will be fixed from then on.

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That is to say, to collect the maximum pension in 2027 it will be necessary to have contributions for 37 years and be 67 years old. This will cause each worker in a personalized way to know the pension that will end up corresponding according to the years he has worked. If you want to collect the whole or if you want to retire early.

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With this, the panorama that is glimpsed for the decade of the 20 is the following one. Beginning in the same year 2020, a worker can only retire at 65 if he or she has contributed at least 37 years. Just for that year 2020 if you do not have them, you have to wait until you reach 65 years and 10 months, which means that you can only retire by then if you were born at the latest in the month of February. If you retire legally in the year 2020 with all your rights you can do so thanks to having a minimum of 36 years listed. Penalize the case that the computation of years is less than those 36 years quoted.

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In the following table we can see year after year in a clearer and more explicit way the years of contribution necessary to be able to retire at age 65 and dates. A worker can retire at 65 if he has worked 38 years and six months, which means that he exceeds 37 years to be able to collect the maximum pension.

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Having said all this, there are situations in which the citizen is interested in retiring before, that is, we are talking about early retirement . These are the cases in which the regulatory base is above the maximum indicated by law, provided that these penalties do not diminish the right to be able to have a retirement for the maximum amount. At the same time, it must be borne in mind that the calculation for the revaluation of pensions will be at most the one of inflation, adding 0.5% maximum and 0.25% on average.

We recommend playing with the pension simulator to make a real and approximate calculation of your situation.