The Social Security rewards retirees who go back to work with an extra 25% pension
When the working day is between 33% and less than 55%, a 15% additional pension is provided, while if it is in the range of between 55% and 80%, a 25% extra pension will be paid.
Spain's flexible retirement system has been modified, with new regulations coming into effect on August 28. The changes aim to incentivize pensioners to return to work, allowing them to work part-time while receiving a reduced pension. If a pensioner's work hours are between 33% and 55% of the standard workweek, they will receive a 15% additional pension, and if between 55% and 80%, they will receive a 25% extra pension.
Those who start working within six months of retirement will not be eligible for the bonus, but can still receive a reduced pension.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
