Economy

Social Security will add years of contributions to access voluntary and involuntary early retirement for the purposes of determining retirement age

Social Security will add years of contributions to access voluntary and involuntary early retirement for the purposes of determining retirement age

To access early retirement, Social Security requires having a minimum number of years of contributions and a certain age. This modality is intended for people with long contribution careers. To calculate the minimum access age requirement, Social Security uses the “shadow contributions” mechanism, which allows projecting the years that a ...

Gonzalo Bernardos, economist: "If we look at people's individual accounts, 80% win by paying taxes because they receive more benefits than they pay. They owe a lot of money to the administration, not the other way around"

Gonzalo Bernardos, economist: “If we look at people’s individual accounts, 80% win by paying taxes because they receive more benefits than they pay. They owe a lot of money to the administration, not the other way around”

The debate on fiscal pressure and the level of taxes in Spain once again takes center stage in the gatherings. Citizens’ perception of the cost and return of taxes have become a common focus of political and social controversyespecially in a context of growing demand for public services and concern ...