Home » Legal developments » National legislation » Spain: new incentives to postpone retirement Spain: new incentives to postpone retirement On 16 May Spain’s government approved a decree making retirement options more flexible in a bid to encourage employees to voluntarily postpone their retirement dates beyond the legal retirement age. Those who decide to continue working beyond the legal retirement age will benefit from both a bonus at the time of their departure and a 2% increase in their pension benefits per year postponed. Through Cécile Thibaud. Published on 17 May 2023 à 16h27 - Update on 17 May 2023 à 16h27 Resources The Ministry of Inclusion, Social Security and Migration has introduced a new formula that combines benefits that have already been separately implemented and it notably allows employees to take up two previously entirely separate procedures. ‘Late’ retirees will be able to receive both a departure bonus when they retire and a 2% increase in their pension for each year they postpone beyond the legal retirement age.… Cécile Thibaud Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications CSRD: social and environmental reporting market takes shape Supporting parenthood in the workplace: a win-win strategy Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
