All workers when they reach the end of their working life wonder what the retirement pension will be left. The pension system is so dynamic and flexible that the amount depends on many factors such as age, the years worked or the quotation bases. For that reason, there are no two retirees with the same pension.
In this sense, Alfonso Muñoz Cuenca, security official since his experience “attending, informing in a Social Security Office”, summarizes a pattern that is repeated and is, that “people who thought they had more quoted years, people who expected more pension amounts or people who have not had the right to a benefit …”. “It is important to know how much and what we quote,” he emphasizes.
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Ángel Martín (77 years old) continues to work to pay the rent: “I have no choice, if I had a dignified pension I would not be working right now”
Several retirees over 80 years of age, without hairs on the language over young people: “When I was a child, at 10 or 12, I had to go to work for whatever it was”
The regulations support it, since the General Law of Social Security (LGSS) recognizes the right of workers and companies to be informed about their affiliation and contribution data, and sets the rules of bases and types that are used to calculate benefits and pensions.
The electronic headquarters
Alfonso explains that “if you access the Social Security Electronic Headquarters and register your phone … The Treasury will send you an SMS every time they are discharged or low.” In addition, it offers the possibility of downloading the work life report with which “you will know the discharge date of the companies in which you have been working, the percentage of part -time day or full -time and the days quoted.”
Also, you can obtain the report of the contribution bases. Alfonso explains that it is a report contains a “very important fact for the benefits… the bases for which you listed monthly” appear.
These bases “will determine the amount of our benefits.” For example, remember, for unemployment you look at the average of the bases of the last six months; at birth and care of the child (maternity or paternity), 100% of the base of the previous month is paid; and in temporary disability the base of the month before the decline is taken. The General Law of Social Security sets the basis and types of contribution with an annual basis and links those bases to calculate each contributory benefit.
The 4 keys on retirement
Alfonso explains that the first thing we should look at is see if we are discharged in Social Security. “First, if we are taught work correctly.” Keeping high and updated data avoids surprises when requesting benefits and prevents lagoons that can reduce the future regulatory base. Checking it is simple with the working life and the notices of the Treasury.
The second point is the type of day. “Second, what kind of workday we have, full time or part -time.” This information, which appears in the working life report, affects the calculation of effective days and the accreditation of the minimum periods required for the pension. A change of day or a poorly reflected partial contract can affect access and the amount of future benefits.
Third, it should be reviewed why amount is being quoted. “Third, why we are quoting, that is, what our contribution base is.” The monthly base is the variable that determines the amount of most short and long term benefits, from unemployment to retirement. Therefore, he advises to download the contribution base report and contrast it with the payroll to detect errors in time.
Finally, you have to know the requirements of each benefit. “And fourth, know the requirements of the benefits.” Each aid requires minimum contribution periods and specific access conditions. Being clear those thresholds (and how they fit our work life and our bases) allows you to better plan, choose the appropriate time and avoid unnecessary economic losses.
Why does it affect you to retirement
What you quote today build your regulatory base tomorrow. The LGSS establishes how bases and periods are integrated to calculate the retirement tax pension and how the lagoons are treated. The reform of Law 27/2011 reinforced the relationship between contributions and final amount of the pension, and set an itinerary of age and quoted years that remain in force in the consolidated text. In other words, if your real bases are lower than you thought or if you are missing accredited time, your pension will also be lower.