New up of the ordinary retirement age: in 2026 it will be 66 years and 10 months
The government has been displaying a strategy for several years convince the Spaniards that work until later and thus achieve a voluntary retirement delay, in addition to promoting compatibility between employment and pension, for which he has reformed the different possible formulas: delayed retirement, partial, active and anticipated. At the moment, it also negotiates improvements in the flexible retirement, aimed at retirees who wish to re -re -re -re -re -reached into the labor market.
These factors, together with Annual legal age delay retirement, in combination with Penalizations of early retirement, have resulted in age of Access to retirement has risen to 65.3 years on average in 2025, in front of 64.4 years that occurred in 2019. In the case of women, The average retirement age is higher and reaches 65.8 years.
In addition, the growth of the Delayed retirement: Until August 2025 inclusive (last data available), 241,188 new pensions have been recorded, of which delayed withdrawals They already represent 11.3%, compared to 4.8% in 2019, according to the data published Friday by the Ministry of Social Security.
73% highs are given at the ordinary age
Together, the 72.8% of the highs are produced at the ordinary age of retirement or subsequently, 13 percentage points more than in 2019, thanks largely to the incentives to bring the access age to the legal age of retirement closer
The official data verified the transformation of the Spanish model towards the retirement delay, and not only has delayed retirement weight gained weight, but, in parallel, there are Less early retirements: Now they represent 27.2% Of the total of new highs, compared to more than 39% they supposed in 2021. This advanced labor output formula has 12.8% decreased in six years, according to social security data.
The Ministry, which directs Elma Saiz, explains that this change reflects the impact of “ Delay incentives in force since 2022 and the reconfiguration of the early retirement pension framework.
Incentives to work beyond legal age
Who decides to take your retirement can choose between Three types of incentives economic:
– A 4% pension increase for the delay of the first year. To this is added an additional 2% increase for periods greater than 6 months and less than one year, from the second year of delay.
– A unique payment, depending on the pension and the contribution period. A Greater bonus since the 2nd year retirement delay.
– Mixed incentive, that combines the previous ones.
In 2026, new rise in retirement age
In just three months, from the January 1, 2026, There will be a new jump towards a greater retirement delay, since the retirement age will rise again, linked to the years that have been quoted to Social Security.
Specifically, the Ordinary retirement legal age suffers a new one 2 months increase, And it will be in the 66 years and 10 months, For those workers who have less than 38 years and 3 months of contributions.
The law will continue to allow, since January 2026, that those people who accumulate 38 years and 3 months or more of paid quotas can stop working at 65 years and collect the full pension, as is the case in 2025 (Details, in upper graph).
More changes in retirement in 2026
Apart from the ordinary retirement age, on January 1, 2026 The long expanded computation process begins of working life to find the pension amount, that will lead to counting the last 29 years quoted (removing the two worst), although the current method (now the pension is calculated with last 25 years of quotas) It is still valid as an alternative, and it will be social security who performs the calculations, choosing the more advantageous option For the new retiree.
This is established by the Royal Decree-Law 2/2023, that introduces this significant modification, to implement in a way gradual until 2044, With a dual model While the transition lasts. According to the new calendar, in 2038 The 29 -year -old model (under 2). Since then, the retirements that occur up to 2040, Included, they may choose between this option and the last 25 years.
According to this important reform, between January 1, 2041 and late 2043, It will still be possible to choose the 25 -year option, but this will go up 6 months per year, with the power to choose between this period, or directly accept the scheme of the 29 years (except the 2 worst).
Now, a from 2044, you can no longer choose, and the pension regulatory base will be calculated only with Last 29 years of contributions (except 2 worse).
To retire with the 100% of the pension in 2026 a minimum of 36 and a half years of social security contributions (as in 2025). Instead, in 2027, retirement with the full pension will require demonstrating at least 37 years of contributions.
