Law to retire early without penalty with 40 years of contributions starts in Congress
The majority of the investiture votes in favor of processing the proposal by Podemos, which seeks to eliminate the penalty on pensions for those who lose their jobs years before being able to access retirement.
The Spanish Congress is currently reviewing a proposal from the Podemos party that would allow individuals who have accumulated 40 or more years of contributions to retire early without any penalties to their pension. This proposal is particularly aimed at those who started working at an early age and were prematurely removed from the labor market before reaching the legal retirement age, resulting in unjust penalties for their retirement income.
Despite having contributed as long as some who began working later, these individuals face a reduction in their pension benefits. Podemos argues that this is an "unfair" situation. The majority of the lower house voted on Tuesday in favor of starting the deliberation process for a bill proposed by the group led by Ione Belarra to address this issue.
Following this favorable vote from the majority (178 votes in favor, 33 against, and 136 abstentions), the project enters the amendment phase, with limited opportunities for success given the tight window before the end of the legislative term.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
