For citizens born between 1960 and 1970 to access the total regulatory base, they will have to meet a series of requirements.
Once the tiered system is finalized next year, those born from 1960 onwards will generally have to retire at 67, with the possibility of delaying retirement.
The only way to obtain the total pension would be to have contributed, at a minimum, 38 years and 6 months.
The Social Security currently offers two methods to calculate the benefit received upon retirement. On the one hand, the traditional method, whose calculation is based on the last 25 years of contributions, and the new method in which the last 29 years of contributions are taken into account, from which the two years with the lowest contributions are discarded.
However, 100% of the regulatory base would not guarantee the maximum collection of the benefit due to the **Intergenerational Equity Mechanism** (MEI), which seeks to begin the massive retirement of retirees in this age groupFor voluntary early retirement, which can be requested from age 63, a long contribution history must be proven. In general, at least 35 years of contributions are required, although to avoid higher penalties it is usually necessary to reach or exceed 38 years, depending on the year of retirement.
Furthermore, at least two of those years must be within the fifteen immediately preceding retirement. Read the full news in La Provincia.