In ten years the number of people contributing more than 64 years in Álava, Bizkaia and Gipuzkoa has doubled
- In 2012 they were around 7,500 people, and now they are just over 15,000. Currently, in order to retire at age 65, it is necessary to have contributions of 37 years and nine months, which will extend until 2027. In that year, 38 years and 6 months must be paid.
The number of social security workers aged 64 and over has doubled in the last decade in Álava, Bizkaia and Gipuzkoa. In 2012 it was about 7,500 and now it's over 15,000. In the last year it has increased by 11.5%.
Pension reforms in recent years are delaying the retirement age. Currently, in order to retire at age 65, you need to have contributions of 37 years and nine months, and lower contributors may retire at age 66 and 4 months.
In the coming years you will have to pay more time to retire at age 65 and will increase from year to year until 2027: You must have paid 38 in 2024 and 38 years and six months in 2027. In that year, lower contributors may not retire before the age of 67.
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