the government changed the retirement age in 2015.
the government changed the retirement age in 2015.
when did the government change the retirement age?
2015
bush favors raising the retirement age (i.e., the age for collecting social security retirement benefits) "from 65 to 68 or 70." his position attracted scrutinity given the fact that the retirement age is 66, not 65 as bush stated, and that under current law, full benefits must be delayed to 67. bush has called for raising the retirement age "gradually, over a long period of time for people that are just entering the system. and i think we need to do that in relatively short order." bush has specifically proposed raising the retirement age for social security from its current target age of 67 by one month every year, starting in 2015, so that by 2022, workers would have to be 70 to claim full benefits, or 65 for early benefits.
political positions of jeb bush
one of spain’s key reforms to implement this policy is to increase the retirement age from 65 to 67 over a number of years, but this change will occur gradually over a 14 year period that started in 2013 and will end in 2027. the retirement age will increase by a month and a half each year up to the end date, and is being conducted in a staggered manner to make the change less disruptive to the population. however, this new retirement age does have exceptions to make it more flexible-individuals who have the maximum years of contributions will be able to retire at the age of 64, and it will also be possible that in cases of involuntary unemployment that those who have 33 year of contributions will be able to enter into early retirement up to four years before the retirement age. legal retirement age in the case of voluntary unemployment will require 35 years of contributions. partial retirement is also a possibility, if a new employee is brought in and once the reform is completed in 2027 , partial retirement will be possible at the age of 63 if 36 years have been contributed. in this case both the new and the partially retired employee will contribute fully to the pension system. prior to the implementation of this reform, partially retired workers only contributed proportionally based on the amount of time they worked. exceptions to the new retirement age will also include individuals who work in dangerous, hazardous, or unhealthy conditions, and individuals with assessed disabilities of 65% or more, and in cases of reduced life expectancy individuals will be able to retire at a lower age if they have a 45% or more assessed disability.
pensions in spain