It is not only to know if a retirement pension will be collected and meet all the requirements to receive it, one of the great concerns of future pensioners is to know what will be the amount of said benefits that will have to guarantee us, in a few years, our coverage economical.
In order to help citizens to be prepared and aware of their purchasing power when they retire, Social Security offers them a calculator that allows you to simulate the amount of the retirement pension.
It is one of the services included in the ‘Your Social Security’ system, in which citizens can enter by means of a digital certificate (they can get it in four simple steps), Cl @ ve PIN or username + password. In addition, with the aim of facilitate access to other citizens who do not have telematic means, it is also allowed that, through a representative who does have a digital certificate or Cl @ ve, have access to this tool.
The procedure is as follows: the interested or authorized person must access ‘Your Social Security’ and enter in the ‘Work’ section and then in the option ‘Simulate your retirement’. From that moment on, you must enter all the fields requested by the system.
The body ensures that in order to carry out this simulation, which in practice is a projection that is carried out according to current data, “the real information of the applicant, on the date of the simulation, which appears in the Social Security databases, is taken into account “.
This tool, however, goes further and does not remain a mere projection: it also allows us to contemplate different scenarios that would alter the final result. New contribution bases, hypothetical unemployment situations or the choice of early retirement modalities would enter here.
This is how the retirement pension is calculated in 2021
To determine the amount of the pension, the system will be based on the method for calculating retirement pensions, which takes into account two main variables: the time worked (and paid) and the regulatory base.
Thus, to get the minimum retirement pension, you have to work at least 15 years. This will lead to 50% of the regulatory base (or, failing that, the minimum pension stipulated by law if this amount is not reached), from which it can be increased, per month worked, by 0.21% during the following 106 months and 0.19% during the following 146.
Thus, you are entitled to 100% of the regulatory base, that is, to 100% of the pension, after 36 years of work. From that moment, the worker can increase the regulatory base, since Social Security takes into account the contribution bases of the last 24 years (which are divided by 336) to calculate the amount of the pension.
So you can collect several retirement pensions from different EU countries at the same time