Social Security contribution if you receive the subsidy for people over 52 years

The State Public Employment Service (SEPE) manages a wide range of unemployment benefits within its assistance level of aid. However, one of the most prominent and processed is the one that is intended for people 52 years of age or older, the subsidy for people over 52 years of age.

Although each subsidy focuses on specific groups to better attend to the circumstances that affect them, the subsidy with the greatest particularities is the one paid to those over 52 years of age , since they are the people who are closest to retirement age and those that, in theory, have more problems to get a job and re-engage in the labor market.

It is partly for these two reasons that workers who, after being left without unemployment or without the right to it, are protected in a special way as they are considered more vulnerable . This extra protection is articulated in very different ways, but among the most beneficial is the way of listing.

Thus, all workers who receive the subsidy for those over 52 years of age will continue to contribute for common contingencies , something necessary for retirement and the pension to be received in the future. The reason is that the method of calculating Social Security pensions makes the last years of workers’ contributions very important, so that those who remain unemployed close to retirement age find themselves in a difficult situation due to the stop in prices.

That is why the subsidy for those over 52 years of age works as a double lifeline: in addition to guaranteeing a level of income, it allows citizens who receive it to maintain certain contributions and thus lighten the impact of the blow on the contribution for the future retirement pension .

As the SEPE explains on its website , those citizens who receive the subsidy for those over 52 years of age will contribute to Social Security for 125% of the minimum contribution base in force at any given time . SEPE itself will be responsible for paying these contributions, so the citizen should not do anything.

Currently, the contribution would be as follows: since the minimum contribution base is 1,166.70 euros per month, 125% of it would be 1,458.37 euros per month. On this basis, the fee for common contingencies will be applied, which is 28.3% and will rise to 28.9% as of 2023 .

How much is charged with the subisio for people over 52 years old
Contrary to what happens with other aspects in which the subsidy for people over 52 years of age differs from the rest of the subsidies, its amount will be the same as for all: 80% of the Public Indicator of Income for Multiple Effects (IPREM) , that is, 463.21 euros per month.

If the citizen only receives this subsidy for people over 52 years of age and has no more resources, they will also be in a position to request the Minimum Vital Income . To do this, he must meet a series of requirements that also affect income and the level of assets, and the amount will depend on the cohabitation unit to which he belongs.

Samira Wilson

Samira Wilson is one of the highly experienced employees among the staff at the StKatesWheel News portal. Samira handles our Finance and Technology column. She is an immense knowledgeable person. She loves reading books, and by book, it means of all the genre. Maximum of the time she is found in the office library searching topics for her articles. She is an excellent team leader and unique in her ways.

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *