When there are only a few years left until retirement, there are doubts Years of contributions Payments for security are doubling among citizens who have just over a decade left to retire from the labor market. and … When your situation is going through a moment where… They don’t have a jobAnd even more than that.
Given this situation, the support enjoyed by the elderly 52 years old is unemployment benefit, Support – €480 per month – This is nothing compared to any full-time salary, but it hides another fact: SEPE quotes them as 125% From the minimum SMI rule. That is, the public treasury contributes more to them (an additional 25% of what a worker with SMI contributes) than to those who work for the minimum wage. Doubt is also logical. For future pensions.compensates Collect support until retirement instead of accepting a low-paying job? and From any moment At what salary can I continue? Let’s look at some calculations.
The first option: maintaining support
The amount received by beneficiaries of old age benefit consists of: 480 euros Who receive more contribution borne by the state each month. This social contribution is calculated on the basis of the minimum general system rule, which is currently 1,381 euros. This means that SEPE assumes a Basis of contribution Of these citizens 1,726 euros are subject to corresponding quotas, as are the case for all workers (at rates of approximately 30%), resulting in approximately 502 euros per month. In total, each recipient of support has 982 euros between assistance and contributions.
Option 2: Work for little money
Another possibility is to accept a job where you can exceed the amount you will receive in support for your future pension. To do this you need to receive a salarya minimum of 1165 euros Per month, approximately the same as the current SMI, including a contribution on behalf of the worker and minimum expenses of €100, such as transportation to work.
The problem is that whoever accepts a salary that is around SMI will accrue a loss 5% future pension Against those who remain in receipt of support. This difference is explained by the contribution required by the benefit, which represents a loss of about 112 euros per month upon retirement, or about 27 thousand euros if 20 years of pension are taken as a reference.
Option 3: Work for an average salary
To break this gap, there is a tipping point in the salary at which it pays to accept a job instead of a dole. We are Salaries 1450 euros per month. If a citizen over the age of 52 who is eligible for support obtains a job with a salary higher than this amount, his pension will be enhanced according to the current system. If they offer you between 1350 and 1450 euros, You can think of it as an economically optimal decision. If the salary is less than 1,350 euros, the balance is tipped in favor of the benefit, always taking into account future retirement.
With these numbers on the table, the economist Manuel AlvarezThe author of Pensions: The Broken Promise and Aucopin’s collaborator warns that financial support for over-52s “ultimately discourages returning to work.” As he explains, the system is unbalanced: “The monthly aid is small, but the state contributes a very high base. Which makes sense that many beneficiaries would not accept jobs with modest salaries. Alvarez proposes to reform it “by slightly increasing aid and adjusting the contribution from 125% to 100% of the basic minimum,” so that disincentives are reduced and the sustainability of the pension system is improved. For Fedea’s Miguel Angel García, not only the cost of the benefit itself is calculated “but also the weight it represents for the retirement system must be taken into account.”
condition self employed It’s deadlier because of the risks they take. For this reason, Alvarez proposes creating an organized transition mechanism for beneficiaries of support towards self-employment. This model would allow support to be temporarily aligned with activity, applying progressive bonuses in contributions with the right to resume aid if it fails.
About The Author
