A tripartite agreement was reached on 31 July to encourage people to retire later and make it compatible to remain in work and receive a retirement pension. The aim is to guarantee a "transition to a flexible retirement tailored to each individual".
After months of discreet negotiations, the Spanish government and social partners have finalised a series of adjustments that open up a new range of possibilities for influencing the retirement age and whether or not people remain in work. These measures do not change the statutory retirement age, which is currently 65 (with at least 38 years of contributions) or 66 years and 6 months. It will rise to 67 in 2027 (with 38 years and 6 months of contributions).
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