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Spain Sets Early Retirement Rules for Hazardous Roles as Pension Costs Hit Record

The decree outlines objective health and safety criteria to let workers retire from grueling jobs without cuts.

Varios jubilados pasean en un parque en el centro de Oviedo.
La ministra de Inclusión, Seguridad Social y Migraciones, Elma Saiz.
Archivo - La ministra de Inclusión, Seguridad Social y Migraciones, Elma Saiz
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Overview

  • The government approved a royal decree to regulate penalty-free early retirement for occupations with high morbidity and mortality based on factors such as injury duration and workplace fatalities.
  • The minimum retirement age under the new rules is set at 52, and applications require sector-wide agreement between employers and unions along with an extra employer contribution.
  • Pension payments climbed to €13.532 billion in May, a 6.3% year-on-year rise, driving the average monthly pension to €1,311.4.
  • Spain will raise its full statutory retirement age to 67 for people born in 1960 or later, effective January 1, 2026.
  • Social Security will soon negotiate new 2026 contribution rates for the self-employed after nearly 800,000 freelancers were required to pay additional dues for 2023 income regularization.