PENSIONS AT A GLANCE: COUNTRY PROFILES – SPAIN
Spain: Pension system in 2022 The Spanish public pension system consists of an earnings-related scheme, with a minimum contributory pension.
19 diciembre 2023
The retirement age for a full pension (without actuarial reduction) is 66 years and two months in 2022,increasing to 67 years in 2027. However, the retirement age is reduced to 65 if an individual has at least37 years and six months of contributions in 2022, increasing to 38.5 years of contributions by 2027. It is necessary to have 15 years of contributions to qualify for a pension benefit.
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