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Social Security: Pensions
Understand how the retirement and pensions system works in Spain...
Retirement pensions cover the loss of income suffered by workers who stop working either totally or in part due to age.
- To be affiliated, registered or in an equivalent situation in the Social Security.
- To have reached 65 years of age. Early retirement is common from the age of sixty, but generally involves a reduction in the pension paid.
- To have paid at least 15 years’ contributions, at least two of which must fall within the last fifteen immediately prior to the retirement date (the day of cessation of work or the day of applying for the pension, in the case of a situation equivalent to membership). The worker must have contributed for 35 years to receive a 100% pension.
Invalidity
The invalidity pension attempts to cover loss of earnings of anyone affected by a pathological or traumatic condition caused by illness or accident making it unlikely that they can work again.
To be eligible for this benefit, workers must meet a series of requirements:
- They must be under 65 years of age at the time and/or not meet the requirements for receiving the contributory retirement pension.
- They must be affiliated, registered or in an equivalent situation.
- They must have covered a previous contribution period, if the incapacity is due to a common illness, whichvaries according to the age of the person concerned.
Specific rules apply to part-time workers.
Specific levels of invalidity apply, which determine the amount of benefit paid.
Death
The benefits for death aim to provide financial assistance to the people who depended financially upon the deceased person.
- Assistance due to death.
- Widow’s or Widower’s pension.
- Temporary widows’ benefit
- Orphan’s pension.
- Pension and allowance for family members and any grandchildren, siblings, parents or grandparents who lived with and were financially dependent upon the deceased person.
- Special compensation up to a certain amount in cases of accidents at work or occupational diseases.
Beneficiaries: Surviving spouse, orphans or, in some cases, family members of the deceased worker
Text last edited on: 08/2010
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