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Law to retire early without penalty with 40 years of contributions starts in Congress

Most of the investiture votes in favor of processing the proposal by Podemos, which seeks to eliminate the punishment in pension for those who lose their jobs and are forced to early retire.

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Law to retire early without penalty with 40 years of contributions starts in Congress

The Congress is considering a Podemos proposal to allow individuals with 40 or more years of contributions to retire without penalties in pension amount. This issue disproportionately affects those who started working early, only to be expelled from the labor market before reaching the legal retirement age, leading to prorated pension benefits.

Despite having contributed as long as some who began working later, these early entrants suffer a penalty in their retirement pay, which Podemos deems "unjust". The lower house has voted on Tuesday to initiate the legislative process for a bill from Podemos leader Ione Belarra's group aimed at rectifying this situation. Following the majority's favorable vote (178 in favor, 33 against by Vox and 136 abstentions from the PP), the project enters the amendment period, with limited chances of success due to the narrow margin of the remaining legislative term.

Written by urgent.news from El Pais's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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