The government seems to have found the right solution regarding retirement. After the League’s 104th quota ordeal, the early retirement hypothesis with the age of 62 and 41 years of contribution has come to the fore again. However, the new Quota 103 will be different from what we know. According to advance payments (but with some caution), the allowance will be calculated according to the rules of the contributory system and “for the maximum gross monthly value not exceeding four times the minimum payment provided for in the current legislation” Pension monthly advance payments.
Checkered roof and taller windows: what Kota 103 will look like
With the recalculation, the advantages arising from payments made before 1996 will disappear. Secondly, the monthly allowance granted cannot be more than four times the minimum payment provided for in the current legislation, that is, approximately 2,252 euros, taking into account that today’s minimum pension is equal to 2000. 563 euros. That’s not all: Exit windows are also getting longer; For the private sector, it increases from three months to six months, and for public employees, it increases from six months to nine months. Therefore, the time between when you meet the requirements and when you actually retire will be longer.
Early retirement advance ceiling with premium contribution
There will be another innovation regarding early retirement: Those who entered the fully-contributory system and therefore did not pay premiums before 1996 will be able to leave their jobs at the age of 64 only if they have accumulated at least 3 times their social pension. The allowance is reduced to 2.8 times for women with one child and 2.6 times for women with two or more children (503 euros). Additionally, a ceiling was introduced for the advance period: The maximum monthly value cannot exceed 2,515 euros.
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Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
