Amount

The amount of pension granted is determined by applying the general percentage  according to the number of years contributed to BP and, if applicable, the additional percentage for prolonging their working life, when retiring above the ordinary retirement age at any time and the applicable reduction quotient.

Percentage applicable from 01-01-2013:

The percentage varies depending on the number of years the individual has been making Social Security contributions. A scale is applied that begins with 50% at 15 years, increasing  from the sixteenth year by 0.19% for each additional contribution month from month 1 to month 248, and by 0.18% for those who pass month 248, with the percentage applicable to the base pension never exceeding 100%, except in cases where the individual accesses their pension at a later age than is applicable to them.

Once this sum is determined, the corresponding sustainability factor for the given time is applied. The application of this sustainability factor has been postponed by Law 6/2018, of 3 July, on the General State Budget for 2018.

In any case, it shall enter into force no later than 1 January 2023.

However, until 2027, a gradual, transitional period has been established, in which the above percentages are replaced with the following:

Transitional maintenance of maternity supplement

People who, on 4-2-2021, were receiving the demographic contribution maternity supplement will continue to receive it.

The receipt of the maternity supplement will be incompatible with the new contributory pension supplement for the reduction of the gender gap, and the persons concerned may choose between one or the other.

If the other parent of one of the children who was entitled to the maternity supplement applies for the contributory pension supplement and is entitled to receive it, the monthly amount recognised shall be deducted from the maternity supplement, with financial effects from the first day of the month following that of the decision, provided that the decision is issued within six months of the application or, where applicable, of the recognition of the pension that gave rise to it; after this period, the effects shall take effect from the first day of the seventh month following that of the decision.

Supplement for the reduction of the gender gap

The contributory pension supplement for the reduction of the gender gap, replaces the maternity supplement for demographic contribution with a supplement aimed at reducing the gender gap, which  seeks to repair the harm that women have suffered throughout their professional career for assuming a major role in the task of caring for children, which is projected in the area of pensions.

Percentage applicable to those who fall under legislation prior to 01/01/2013:

The percentage varies depending on the number of years the individual has been making Social Security contributions. A scale is applied that begins with 50% at 15 years, increasing by 3% for each additional year between the sixteenth and twenty-fifth year and 2% from the twenty-sixth year until reaching 100% at 35 years.

The contribution years to take into account are those made:

• To the General Social Security System.

• To the different Special Social Security Systems.

• To the former Old Age Insurance and Disability  Systems and/or Labour Union.

• To the integrated Systems, including those prior to the introduction of these if they count towards the right to the benefits they give rise to.

• To other Social Security Entities, which act as substitutes for those corresponding to the regime or regimes that are yet to be integrated.

• Contributions paid to the State Pensioners Regime.(Régimen de Clases Pasivas del Estado).

• To the Public Administrations and organisations attached to them prior to 01-01-59 by personnel who did not hold civil servant positions.

• The contributions  of staff in the Justice System shall be treated as periods of contributions where there is a difference between the periods actually worked as shown on the certificate of service and those shown on the certificate of contributions. These periods will not be included in the databases of the Social Security General Treasury and will therefore be treated as having contributed, at the request of the person concerned, at the time when the corresponding pension is paid or reviewed.
  

Rules for calculating the contribution years:

If the contributions were made prior to 01-01-67, all the days for which contributions were made will be taken into account and the total number of days will be divided by 365 to get the number of years of contributions. A fraction of a year cannot be counted as a full year, given that, once the first fifteen years of contributions are completed, the percentage applicable to the pension base increases with each additional month in which contributions are made.

If contributions were made prior to 01-01-67, the number of contribution years is calculated by dividing the total number of contribution days by 365 (without rounding up a fraction of a year to a full year) obtained from the sum of the following contributions:

• Days of contributions to the General System and other regimes from 01-01-67.
• Days of contributions to Old Age Insurance and Labour Unions between 01-01-60 and 31-12-66, provided these do not overlap.

• The bonus days which correspond to the worker, according to the age reached on 01-01-67, as long as contributions are accredited to the Old Age and Disability Insurance and/or Labour Insurance, in accordance with the following scale:
  

• When access to the retirement pension occurs at an age that is above the ordinary retirement age stipulated at any given time, provided that on reaching this age the minimum contribution periodrequired has been met , the interested party shall be paid a financial supplement for each full year of contributions since they met the requirements for accessing this pension, which shall be paid in one of the following ways, to be chosen by the interested party:

1. 1. An additional percentage of 4% for each full year of contributions made between the date on which this age was reached and the date of the causal event of the pension.

      The additional percentage obtained will be added to what would generally be awarded to the worker according to the number of years they have contributed, applying the resulting percentage to the base rate to determine the pension amount, which may never exceed the ceiling established for contributory pensions in the corresponding LPGE.

      If the amount of the pension awarded reaches the established ceiling without applying the additional percentage or by only applying it in part, the worker will receive:

      • The maximum pension.
      • An amount calculated by applying the additional percentage not used for determining the pension amount (rounded up to the closest unit) to the maximum pension stipulated at any given time. The aforementioned amount will be paid a month in arrears and in 14 payments a year. The sum of the amount of the pension or pensions awarded to the worker, calculated on an annual basis, may not exceed the ceiling figure for the contribution basis stipulated at any time, also calculated on an annual basis.

   2. A lump sum amount for each full year of contributions paid between the date on which that age was reached and the date of the causal event of the pension, the amount of which shall be determined on the basis of the years of contributions credited on the first of the dates indicated, the calculation formula being as follows:

      • If less than 44 years and 6 months of contributions were made:

        
      • If you have paid contributions for at least 44 years and 6 months, the above figure is increased by 10%:
        
   3. A combination of the above solutions under terms to be determined by the regulations.
   
   

• The choice shall be made only once at the time of entitlement to the allowance, and may not be changed thereafter. If not exercised, the supplement referred to in point (a) shall apply.


• Receipt of this supplement is incompatible with access to active ageing (active retirement).



• This benefit will not be applicable in cases of partial or flexible retirement, nor when retirement age reduction coefficients are applied. Therefore, this benefit will only apply to workers who, on the date of the causal event, are awarded a retirement pension at an age that is above the legally established age for ordinary retirement.

  Nor will it be applicable in cases of access to retirement via a situation assimilated to that of registration, such that periods of time spent in situations assimilated to that of registration that do not entail effective work (for example, special agreement or unemployment benefit) are not computable for these purposes.




• Additional percentage for people to whom the legislation prior to 01/01/2013 is applicable:

  • A total of 2% for each full year of contributions, or year when contributions are legally considered to have been made, from the date on which the worker reached the age of 65 until the date of the causal event of the pension.
  • A total of 3% when the worker accredits at least 40 years contributed when they reach the age of 65.
  
  

• Workers who were members of Mutual Insurance Societies on 1 January 1967, or equivalent:

  For those beginning to receive a retirement pension at an older age than the legal minimum, the amount of the pension will be calculated on the basis of article 210 of the LGSS.

(*) Exoneration of contributions for workers aged 65 and over:

As of 01/01/2013:

Employers and workers will be exempted from having to pay Social security contributions for common disease and illness, except for temporary disability resulting from these, for salaried employees with indefinite work contracts as well as working members of co-operatives, provided they are in one of the following cases:

• 65 years of age and 38 years and 6 months contributed.
• 67 years of age and 37 years contributed.
   

In both the aforementioned cases, the proportional parts of extra salary payments will not enter into the calculation of years contributed.

If, upon reaching the ages mentioned in the previous points, the worker had not contributed  the number of required years in each case, the exemption will be applicable as of the date when the required years of contribution can be accredited in either case.

These exemptions will not be applicable to contributions for workers employed by Public Administrations or in Public Organisations regulated by Title III of Law 6/1997, passed on 14 April, on the organisation and functioning of the General State Administration.

For workers for whom contribution exemptions were applied, provided for in article 112 bis prior to 1 January 2013 and who are entitled to a retirement pension after said date, the period for which said exemptions have been applied will be considered as a period of paid contributions for the purposes of calculating the corresponding pension.

For people to whom the legislation prior to 01/01/2013 is applicable:

Employers and workers will be exempt from Social Security contributions for unemployment, Wage Guarantee Fund, vocational training and for common disease and illness, except for the temporary disability that may result from them, for salaried employees with indefinite work contracts as working members of co-operatives, provided  they are 65 years of age or over and they can accredit 35 years' effective contributions to the Social Security (proportional parts of extra salary payments do not enter into this calculation).

If, upon reaching 65 years of age, the worker had not paid 35 years' contributions, the exemption will be applicable as of the date on which said 35 years' effective contributions can be accredited.

These exemptions will not be applicable to contributions for workers employed by Public Administrations or in Public Organisations regulated by Title III of Law 6/1997, passed on 14 April, on the organisation and functioning of the General State Administration.

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