Social Security Will Not Increase the Pension to Those Who Have More than 36 Years of Contribution

In order to qualify for the social security maximum retirement pension, it is necessary to have paid contributions on the maximum basis during the last 25 years of working life.

The public pension system provides that workers with 36 years and 6 months of contribution have access to 100% of the regulatory base, but any surplus will not generate additional increases if retirement occurs at the ordinary age. According to Europa Press, this mechanism, designed to encourage the prolongation of working life, limits economic improvements to those who decide to voluntarily delay retirement. Calculation of the pension and curre…