Spanish Social Security Confirms Fictitious Contributions for Parents to Boost Pensions

Madrid, Spain Spanish Social Security officials have confirmed a policy allowing parents to claim up to five years of fictitious social security contributions for periods dedicated to maternity and childcare. This provision aims to mitigate the impact of career breaks on parents' retirement pensions, offering a mechanism to enhance their future financial security. A financial expert, known for his online content, explained the specifics of this benefit. He clarified that these additional contributions are not directly added to an individual's employment history but are factored into the calculation of their retirement pension. Crucially, the application for these fictitious contributions should be made concurrently with the request for the retirement pension, rather than at an earlier stage. Eligibility for these benefits requires individuals to have children and to have ceased employment to provide care for them. While mothers are typically granted preference for these additional contribution days, the policy allows for flexibility. A formal authorization form can be completed to assign these days to the father, should the parents choose to do so. This information is vital for parents navigating the complexities of social security and planning for their retirement.

Información

6 days ago

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