A new calculation method begins to be applied from the new year and will be voluntary. The retiree will be able to choose the most advantageous option between continuing to calculate the pension with the last 25 years of contributions or choosing a system which will take into account the last years of contributions. … 29 years of contributions, excluding the worst 24 months. Social Security will be the one that automatically calculates the most favorable model for the worker at the time of retirement, although this second option, which aims to be more advantageousthis will only be fully possible in 2037.
To reach this date with the full deployment of the system, the second phase of the pension reform established a twelve-year implementation path, at the rate of four months each year starting from 2026. The roadmap to achieve the objective establishes that from January 1 it will be granted to new retirees. the best alternative between calculating the pension with your last 300 monthly contributions (25 years) or with your last 304 monthly payments (25.33 years) but by deleting two of these months, which would effectively calculate it with your last 25.1 years.
From January 1, 2027, the number of monthly payments that can be taken into account with the new method will be the last 308 (last 25.6 years of contributions) and four months can be withdrawn. This path will be repeated year after year, so that with each passing financial year, the number of years which will constitute the regulatory basis will increase by four months and the monthly payments that can be eliminated will increase by two per year.
Thus, in 2032, the regulatory base can be calculated with the Last 324 months of contributions (27 years) and among these, a full year can be set aside (12 monthly payments) and thus until the implementation of the extension is completed in 2037 where yes, the amount of the retirement pension can be determined with the last 348 months of contributions (29 years) being able to subtract from this period the 24 months of the worst contributions, with which the regulatory base will be determined with the 324 months of contributions preceding the retirement date (27 years old). This dual system will remain in force until 2044 and will henceforth always be calculated according to the second method.
Who will benefit most from these calculation changes? These will mainly be women, one of the groups that benefit the most from contribution gaps during maternity. Those who have suffered a work interruption due to a dismissal or a disability in the years close to retirement age, in addition to all workers in sectors of activity with precarious working conditions and who, from 2026, will be able to select the best contribution bases.
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