Restrictions on early retirement take effect on Wednesday – publico

                 

                         
                     

                 

 
 

The rules restricting access to early retirement to workers with at least 60 years of age and 40 years of contributions come into force on Wednesday. Who have between 55 and 60 have only today to deliver the application in the Social Security services and still be able to benefit from the former regime.

Decree-Law no 10/2016 recovers rules adopted by the previous government and which will remain until the review of the flexible regime of retirement age. The transitional regime, which comes into force on Wednesday, recognizes the “right to the anticipation of the normal age of entitlement to old-age pension (…) depends on the beneficiary has aged 60 years and 40 or more years with registration of relevant remuneration for the calculation of pension. “

the law safeguards the requests made under the previous rules until the date of its entry into force. Therefore, those who have between 55 and 60 years old and 30 or more years with earnings registration has until the end of today to deliver the application.

the Government also took the opportunity to change the procedures in the allocation of early retirement and to enshrine into law a practice started in January. the National Centre for Pensions has to communicate to the recipient the amount of pension you have the right and the process will only on if the worker expressly say that if you want to reform these conditions.

Between 2012 and 2014, early retirement was prohibited for private sector workers (except for the long-term unemployed and specific professions, such as air traffic controllers).

in 2015, the executive previous partially defrosted access to who had 60 or more years and 40 discount.

Since January 1, 2016, early retirement was fully unlocked, including who at age 55 had 30 discounts. The problem is that the penalties have changed, which means that the value of the assigned pension is lower than in 2012.

The restrictions now published do not cover the civil service, or the rules of access to retirement anticipated by the long-term unemployed.

according to the rules, who had at least 57 years old and 15 when discounts become unemployed may apply to retire early at age 62. In the case of unemployment was involuntary, the pension is paid in full without penalty. Who had at least 52 years old and 22 discounts on the date of unemployment may request early retirement at age 57. In this case, the board has a penalty of 0.5% for each month missing until you reach age 62. At that time, the cut ends and the person begins to receive a full pension.

The Technical Unit of Budget Support (UTAO), analyzing the implementation orçamentla January realizes an increase of 11.8 % (between 2014 and 2015) in expenses for early retirement. Expenses stood at the end of 2015, at EUR 830 million. And it is estimated that, in 2016, expenditure on these reforms register a rise of 6.5% to 884 million euros.