The legal retirement age rises to 66 years and 4 months in 2023

Workers who want to retire in 2023 with 100% of the pension will have to be 66 years and 4 months old, in accordance with the pension reform agreed by the Government of José Luis Rodríguez Zapatero and the social agents in 2011.

Thomas Osborne
Thomas Osborne
31 December 2022 Saturday 02:42
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The legal retirement age rises to 66 years and 4 months in 2023

Workers who want to retire in 2023 with 100% of the pension will have to be 66 years and 4 months old, in accordance with the pension reform agreed by the Government of José Luis Rodríguez Zapatero and the social agents in 2011.

The reform established a transitional period from 2013 to 2027 to raise the retirement age from 65 to 67 years, as shown in the following table, which also specifies the years that must have contributed to continue retiring at age 65 .

Transitional period table:

2013 65 years and 1 month 35 years and 3 months or more

2014 65 years and 2 months 35 years and 6 months or more

2015 65 years and 3 months 35 years and 9 months or more

2016 65 years and 4 months 36 or more years

2017 65 years and 5 months 36 years and 3 months or more

2018 65 years and 6 months 36 years and 6 months or more

2019 65 years and 8 months 36 years and 9 months or more

2020 65 years and 10 months 37 or more years

2021 66 years 37 years and 3 months or more

2022 66 years and 2 months 37 years and 6 months or more

2023 66 years and 4 months 37 years and 9 months or more

2024 66 years and 6 months 38 years or more

2025 66 years and 8 months 38 years and 3 months or more

2026 66 years and 10 months 38 years and 3 months or more

2027 67 years 38 years and 6 months or more

All those born after 1948 are affected by the progressive increase in the retirement age, while those born in 1960 will no longer be able to retire before the age of 67 with 100% of the pension, unless they have contributed for 38 and a half years. to Social Security.

Likewise, since 2013 the calculation period to calculate the pension began to gradually increase from 15 to 25 years, so that in 2023 it will be done again with the last 25 years of contributions, as shown in the following table.

2013 16 years

2014 17 years

2015 18 years

2016 19 years

2017 20 years

2018 21 years

2019 22 years

2020 23 years

2021 24 years

2022 25 years