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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/33980
Quantitative reduction in retirement benefits by the 2011 Spanish Social Security reform
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[spa] El objetivo de este trabajo es analizar el efecto de la reciente reforma de la Seguridad Social en la prestación pública de jubilación. Las principales medidas que han afectado al cálculo de la prestación son: 1) extensión de la edad de jubilación de 65 a 67 años, 2) cambio en el nímero de bases de cotización requeridas para el cálculo, 3) cambio en el factor de ponderación asociado a los años cotizados en el momento de la jubilación y 4) cambio en las reglas de jubilación anticipada. El estudio distingue tres grupos de pensionistas y hace una comparativa entre la pensión anterior (pensión de referencia) y la pensión calculada con la nueva legislación. La disminución en la prestación pública de jubilación oscila entre el 0 % y 16 % en función del salario y de los años de cotización en el momento de la jubilación.
[eng] The aim of this paper is to analyse the effect of the recent Social Security reform on public retirement benefits. The main measures af- fecting the calculation of pensions are: 1) extension of the retirement age from 65 to 67 years, 2) changes in covered earnings of the retirement pension, 3) changes in the weighting factor associated with the number of years of contributions to the system at date of retirement and 4) changes in the early retirement rules. The study distinguishes three group of pensioners and compares be- tween previous pension (benchmark pension) and the pension calculated under the new legislation. The reduction in public retirement benefits ranges between 0% and 16% depending on wages and the number of years of contributions at the time of retirement.
[eng] The aim of this paper is to analyse the effect of the recent Social Security reform on public retirement benefits. The main measures af- fecting the calculation of pensions are: 1) extension of the retirement age from 65 to 67 years, 2) changes in covered earnings of the retirement pension, 3) changes in the weighting factor associated with the number of years of contributions to the system at date of retirement and 4) changes in the early retirement rules. The study distinguishes three group of pensioners and compares be- tween previous pension (benchmark pension) and the pension calculated under the new legislation. The reduction in public retirement benefits ranges between 0% and 16% depending on wages and the number of years of contributions at the time of retirement.
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BOSCH PRÍNCEP, Manuela and VILALTA DE MIGUEL, Daniel. Quantitative reduction in retirement benefits by the 2011 Spanish Social Security reform. Documents de treball (Facultat d'Economia i Empresa. Espai de Recerca en Economia). 2012. Vol. E12/281. ISSN 1136-8365. [consulted: 10 of June of 2026]. Available at: https://hdl.handle.net/2445/33980