For the Social securitythe amount of the retirement pension is calculated taking into account the regulatory base, the total years of contributions and the age at which the pension is accessed. The regulatory base is obtained from the contribution bases of the last years worked and serves to determine 100% of the pension. On the other hand, the total number of years of contributions determines the percentage of that regulatory base to which one is entitled, while the retirement age influences the application of reducing coefficients. These coefficients are applied as a penalty for advancing the retirement age and will vary in 2025, in accordance with the planned legislative changes.
In 2025, the legal ordinary retirement age will be 66 years and 8 months for those who prove less than 38 years and 3 months quoted. On the contrary, those who prove At least 38 years and 3 months of contributions will be able to retire at age 65. This retirement age will increase progressively, in accordance with the provisions of Law 27/2011, until reaching its limit in 2027. By then, the legal age will be 67 years for those who do not meet the contribution requirements, while those who certify At least 38 years and 6 months of contributions will be able to retire at 65 years of age.
When calculating the pension, Social Security takes into account all the schemes in which contributions have been made. In some cases, it is possible to have the right to collect two retirement pensions at the same time, as long as you have contributed to different regimes and the requirements established in each of them are met. The amount that will be received monthly will depend on a percentage linked to the total years worked and contributions.
The regulatory base is the indicator used by Social Security to calculate 100% of the theoretical pensionalthough this may be limited by the maximum established pension. In the general regime, this base is calculated by dividing the 300 most recently registered contribution bases by 350. Once the regulatory base has been determined, Social Security applies the coefficient to compensate for the effect of inflation on the oldest contribution bases. This coefficient does not affect the bases of the last two years (24 months), which are considered in nominal value, that is, with the current revaluation.
In addition, it is possible to benefit from so-called contribution gaps, which allow periods without contributions to be covered by assigning “fictitious contributions”. In general terms, during the first 48 months without contributions, 100% of the current minimum base applies, and from month 49, 50%. From 2024, women will have access to an extension of this benefit, which will allow 100% of the minimum base to be applied until month 60, 80% between months 61 and 84, and 50% from month 85. This This measure seeks to promote equity and support work-life balance. This benefit is not available to self-employed workers.
Table with the corresponding percentages of the retirement pension based on the years of contributions
Depending on the years worked throughout your working life, you will be entitled to a percentage of the regulatory base; In other words, the more years it has been contributed, the higher the percentage will be. To access the contributory retirement pension it is necessary to have contributed for at least 15 years, which entitles you to 50% of the regulatory base. From this minimum, the following percentages apply:
- For each additional month of the next 49 monthswill add a 0.21% extra of the regulatory base.
- For each additional month up to month 209will add a 0.19% extra of the regulatory base.
In total, to achieve the 100% of the regulatory base, it will be necessary to have contributed for at least 36 years and six months. These coefficients will be in force during the years 2024, 2025 and 2026. Starting in 2027, new coefficients will be applied in accordance with the provisions of Law 27/2011, which regulates both the retirement age and the pension update factors.
This is how the table would look depending on the years worked:
| Listed Years | Regulatory Base Percentage |
|---|---|
| 15 | 50% |
| 16 | 52.52% |
| 17 | 55.04% |
| 18 | 57.56% |
| 19 | 60.08% |
| 20 | 62.50% |
| 21 | 64.82% |
| 22 | 67.14% |
| 23 | 69.46% |
| 24 | 71.78% |
| 25 | 74.10% |
| 26 | 76.38% |
| 27 | 78.66% |
| 28 | 80.94% |
| 29 | 83.22% |
| 30 | 85.50% |
| 31 | 87.78% |
| 32 | 90.06% |
| 33 | 92.34% |
| 34 | 94.62% |
| 35 | 96.90% |
| 36 years and six months or more | 100% |
This is how the retirement pension would look depending on the regulatory basis:
| Listed Years | Regulatory Base Percentage | Minimum contribution base (€1,323) | Regulatory base €1,200 | Regulatory base €1,400 | Regulatory base €1,600 | Regulatory base €1,800 | Regulatory base €2,000 | Regulatory base €2,200 |
|---|---|---|---|---|---|---|---|---|
| 15 | 50% | €661.50 | €600.00 | €700.00 | €800.00 | €900.00 | €1,000.00 | €1,100.00 |
| 16 | 52.52% | €694.84 | €630.24 | €735.28 | €840.32 | €945.36 | €1,050.40 | €1,155.44 |
| 17 | 55.04% | €728.18 | €660.48 | €770.56 | €880.64 | €990.72 | €1,100.80 | €1,210.88 |
| 18 | 57.56% | €761.52 | €690.72 | €805.84 | €920.96 | €1,036.08 | €1,151.20 | €1,266.32 |
| 19 | 60.08% | €794.86 | €720.96 | €841.12 | €961.28 | €1,081.44 | €1,201.60 | €1,321.76 |
| 20 | 62.38% | €825.29 | €748.56 | €873.32 | €998.08 | €1,122.84 | €1,247.60 | €1,372.36 |
| 21 | 64.66% | €855.45 | €775.92 | €905.24 | €1,034.56 | €1,163.88 | €1,293.20 | €1,422.52 |
| 22 | 66.94% | €885.62 | €803.28 | €937.16 | €1,071.04 | €1,204.92 | €1,338.80 | €1,472.68 |
| 23 | 69.22% | €915.78 | €830.64 | €969.08 | €1,107.52 | €1,245.96 | €1,384.40 | €1,522.84 |
| 24 | 71.5% | €945.94 | €858.00 | €1,001.00 | €1,144.00 | €1,287.00 | €1,430.00 | €1,573.00 |
| 25 | 73.78% | €976.11 | €885.36 | €1,032.92 | €1,180.48 | €1,328.04 | €1,475.60 | €1,623.16 |
| 26 | 76.06% | €1,006.27 | €912.72 | €1,064.84 | €1,216.96 | €1,369.08 | €1,521.20 | €1,673.32 |
| 27 | 78.34% | €1,036.44 | €940.08 | €1,096.76 | €1,253.44 | €1,410.12 | €1,566.80 | €1,723.48 |
| 28 | 80.62% | €1,066.60 | €967.44 | €1,128.68 | €1,289.92 | €1,451.16 | €1,612.40 | €1,773.64 |
| 29 | 82.9% | €1,096.77 | €994.80 | €1,160.60 | €1,326.40 | €1,492.20 | €1,658.00 | €1,823.80 |
| 30 | 85.18% | €1,126.93 | €1,022.16 | €1,192.52 | €1,362.88 | €1,533.24 | €1,703.60 | €1,873.96 |
| 31 | 87.46% | €1,157.10 | €1,049.52 | €1,224.44 | €1,399.36 | €1,574.28 | €1,749.20 | €1,924.12 |
| 32 | 89.74% | €1,187.26 | €1,076.88 | €1,256.36 | €1,435.84 | €1,615.32 | €1,794.80 | €1,974.28 |
| 33 | 92.02% | €1,217.42 | €1,104.24 | €1,288.28 | €1,472.32 | €1,656.36 | €1,840.40 | €2,024.44 |
| 34 | 94.3% | €1,247.59 | €1,131.60 | €1,320.20 | €1,508.80 | €1,697.40 | €1,886.00 | €2,074.60 |
| 35 | 96.58% | €1,277.75 | €1,158.96 | €1,352.12 | €1,545.28 | €1,738.44 | €1,931.60 | €2,124.76 |
| 36 years and six months or more | 100% | €1,323.00 | €1,200.00 | €1,400.00 | €1,600.00 | €1,800.00 | €2,000.00 | €2,200.00 |
In the event that the resulting pension is lower than the current minimum pension, a minimum supplement may be requested so that it reaches the minimum amount established each year. The minimum amounts for 2025 are the following:
| Pension type | With dependent spouse (€/year) | Without spouse: Single-person economic unit (€/year) | With non-dependent spouse (€/year) |
|---|---|---|---|
| Retirement | |||
| Owner aged sixty-five | €15,786.40 | €12,241.60 | €11,620.00 |
| Holder under sixty-five years of age | €15,786.40 | €11,452.00 | €10,824.80 |
| Sixty-five-year-old holder with severe disability | €23,678.20 | €18,362.40 | €17,430.00 |
Table with the new percentages of the retirement pension from 2027
Starting in 2027, the coefficients to calculate the retirement pension will change in accordance with Law 27/2011, with more months of contributions being necessary to obtain the full pension. With 15 years of contributions you will continue to be entitled to 50% of the regulatory base, but from then on, the coefficients will change according to the following Social Security criteria:
- For each additional month up to month 248, 0.19% will be added.
- And for the following 16 months 0.18%, until reaching 100%.
In this way, to be entitled to 100% of the pension it will be necessary to have 37 years of contributions, that is, six months more than in 2025. In this way, the table would be as follows:
| Listed Years | Regulatory Base Percentage |
|---|---|
| 15 years | 50% |
| 16 years | 52.28% |
| 17 years | 54.56% |
| 18 years | 56.84% |
| 19 years | 59.12% |
| 20 years | 61.4% |
| 21 years | 63.68% |
| 22 years | 65.96% |
| 23 years | 68.24% |
| 24 years | 70.52% |
| 25 years | 72.8% |
| 26 years | 75.08% |
| 27 years | 77.36% |
| 28 years | 79.64% |
| 29 years | 81.92% |
| 30 years | 84.2% |
| 31 years | 86.48% |
| 32 years | 88.76% |
| 33 years | 91.04% |
| 34 years | 93.32% |
| 35 years | 95.6% |
| 36 years | 97.84% |
| 37 years | 100% |
These would be the retirement pension that would correspond depending on the regulatory base and years of contributions. Although the minimum contribution base of 1,323 euros is used, it must be taken into account that this is the one in force in 2024, so in 2025 it is expected to rise, as the interprofessional minimum wage increases.
| Listed Years | Regulatory Base Percentage | Regulatory base €1,200 | Regulatory base €1,400 | Regulatory base €1,600 | Regulatory base €1,800 | Regulatory base €2,000 | Regulatory base €2,200 |
|---|---|---|---|---|---|---|---|
| 15 years | 50.00% | €600.00 | €700.00 | €800.00 | €900.00 | €1,000.00 | €1,100.00 |
| 16 years | 52.28% | €627.36 | €731.92 | €836.48 | €941.04 | €1,045.60 | €1,150.16 |
| 17 years | 54.56% | €654.72 | €763.84 | €872.96 | €982.08 | €1,091.20 | €1,200.32 |
| 18 years | 56.84% | €682.08 | €795.76 | €909.44 | €1,023.12 | €1,136.80 | €1,250.48 |
| 19 years | 59.12% | €709.44 | €827.68 | €945.92 | €1,064.16 | €1,182.40 | €1,300.64 |
| 20 years | 61.40% | €736.80 | €859.60 | €982.40 | €1,105.20 | €1,228.00 | €1,350.80 |
| 21 years | 63.68% | €764.16 | €891.52 | €1,018.88 | €1,146.24 | €1,273.60 | €1,400.96 |
| 22 years | 65.96% | €791.52 | €923.44 | €1,055.36 | €1,187.28 | €1,319.20 | €1,451.12 |
| 23 years | 68.24% | €818.88 | €955.36 | €1,091.84 | €1,228.32 | €1,364.80 | €1,501.28 |
| 24 years | 70.52% | €846.24 | €987.28 | €1,128.32 | €1,269.36 | €1,410.40 | €1,551.44 |
| 25 years | 72.80% | €873.60 | €1,019.20 | €1,164.80 | €1,310.40 | €1,456.00 | €1,601.60 |
| 26 years | 75.08% | €900.96 | €1,051.12 | €1,201.28 | €1,351.44 | €1,501.60 | €1,651.76 |
| 27 years | 77.36% | €928.32 | €1,083.04 | €1,237.76 | €1,392.48 | €1,547.20 | €1,701.92 |
| 28 years | 79.64% | €955.68 | €1,114.96 | €1,274.24 | €1,433.52 | €1,592.80 | €1,752.08 |
| 29 years | 81.92% | €983.04 | €1,146.88 | €1,310.72 | €1,474.56 | €1,638.40 | €1,802.24 |
| 30 years | 84.20% | €1,010.40 | €1,178.80 | €1,347.20 | €1,515.60 | €1,684.00 | €1,852.40 |
| 31 years | 86.48% | €1,037.76 | €1,210.72 | €1,383.68 | €1,556.64 | €1,729.60 | €1,902.56 |
| 32 years | 88.76% | €1,065.12 | €1,242.64 | €1,420.16 | €1,597.68 | €1,775.20 | €1,952.72 |
| 33 years | 91.04% | €1,092.48 | €1,274.56 | €1,456.64 | €1,638.72 | €1,820.80 | €2,002.88 |
| 34 years | 93.32% | €1,119.84 | €1,306.48 | €1,493.12 | €1,679.76 | €1,866.40 | €2,053.04 |
| 35 years | 95.60% | €1,147.20 | €1,338.40 | €1,529.60 | €1,720.80 | €1,912.00 | €2,103.20 |
| 36 years | 97.84% | €1,174.08 | €1,369.76 | €1,565.44 | €1,761.12 | €1,956.80 | €2,152.48 |
| 37 years (100% of pension) | 100% | €1,200.00 | €1,400.00 | €1,600.00 | €1,800.00 | €2,000.00 | €2,200.00 |