In the early days of 2025, new updates have already been announced regarding retirement requirements for this year. Individuals who turn 65 in 2025 will be able to retire if they have contributed for at least 38 years and 3 months — three months more than was required for those who retired in 2024. If they do not meet this contribution period, they will have to wait until the age of 66 years and 8 months to retire.
Written by Alessia Macchia
Social Law Graduate
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WHAT CHANGES TO RETIREMENT ARE COMING IN 2025?
NEW Social Security CONTRIBUTION TABLE
FIND OUT YOUR RETIREMENT YEAR BASED ON YOUR YEAR OF BIRTH
More information on the requirements for retirement
WHAT ABOUT THE 2027 RETIREMENT REFORM?
From 2027 onwards, the applicable timelines will be set out as follows, unless further amendments are introduced.
In addition, among the changes introduced in recent years, those wishing to take early retirement may face a series of penalties, which will reduce the amount of their pension. The size of the reduction will depend on the percentages determined by Social Security for each month by which retirement is brought forward. Furthermore, early retirement cannot be taken more than two years before the standard retirement age, and a minimum contribution period must be met.
Calculating your retirement pension: worked examples
Conversely, workers who choose to remain in active employment beyond the standard retirement age may benefit from certain incentives — a arrangement known as deferred retirement.
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