The Government of Spain has made different pension reforms in the last 15 years with the aim of making an increasingly tensioning system sustainable. To do this, in 2013 and through the reform of Law 27/2011, a change in the retirement age was introduced, which would become progressive and increase every year to 67 years for those workers who did not have long contribution careers. This did not come alone and years later another series of reforms arrived in which the early retirements were penalized through higher reducing coefficients, as well as benefiting delayed retirements, that is, beyond the ordinary age. Even so, despite the increase in retirement age in the latest data from the Ministry of Inclusion, Social Security and Migrations, they also show how those that retire at earlier ages have a pension of almost 1,000 euros more per month compared to what they do at their ordinary age.
If we look at the latest published data and that are visible through its web portal we can see how the average retirement age of the 64.1 years we had in 2016, up to 65.3 years in 2025. This is the average age, that is, the one that is within the modalities (anticipated, voluntary, involuntary, delayed, partial and ordinary) as well as all the social security regimes.
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The retirement age increases
The Middle Ages also increases for the different modalities and regimes of social security. For example, if we look at the ordinary age, it has gone from 65.6 years in 2016 to 66.1 years. This increase is mainly due to the reform regulated in Law 27/2011, which, how to say it, has been increasing the age little by little.
As for early retirements, it is observed how volunteers have also increased, from 63.5 years to 64 years. As for the involuntary or forced, these have gone from 61.8 years to 62.8 years. Now, a curious fact is the delayed retirements (those that occur beyond the ordinary age) that although in 2016 they were in the 69 years, now in 2025 they are located in the 68.3 years.
By regimes, as in the general regime, the ordinary age passed from 65.4 to 65.9 years, while the delayed had barely variation from 68.3 years to 68.2 years.
Now, if we look at the regime of the self -employed, we can establish that decrease in the delayed retirement age, since it can be seen how in 2016 it was 69.5 and now in 2025 it is located at 68.4 years. For its part, the ordinary age will be at 66.9 years. This regime is the most disadvantic within the pension system, since they are later retire and the least pension.
Early retirements charge almost 1,000 euros more than ordinary
Despite the increase in retirement age, if we look at the new high to social security during the last month, we can see that it does not always retire at the ordinary age to guarantee greater pension. According to the data, those who retire at 61 receive a pension of 2,134.48 euros, while those who do it at their ordinary age (66 years) receive a pension of 1,214.32 euros, that is, they charge 920.16 euros more per month.
On the other hand, those who retire at 63 do so by charging an average pension of 2,102.34 euros, while those who do so at 65 receive 1,809.54 euros. On the other hand, those who retire at 68 charge 1,268.14 euros.
These discrepancies have an explanation and goes through the current calculation method the social security in which the contributions and the total quoted years are in accounts. Those who retire at 61, 62 or 63 years charge these pensions because they have had long contribution careers with high contributions throughout their working life and due to the tax principle now have a high pension despite the reducing coefficients that are applied to that modality. On the other hand, those who do it at their ordinary age may not count on these contributions, hence the pension is lower, that is, that the amount is not at age and yes, in accumulated contributions and quotation bases.
In fact, we can see that the system data shows how eight people retired at age 54 charging an average pension of 3,312.48 euros, but that if we look we see that they come from the mining and coal regime, which have the possibility of retiring in advance without seeing their pension reduced because they are a dangerous and painful profession.