What is the best time to request your retirement so as not to lose money?
When a worker decides to retire, either early or because he or she has reached the corresponding age, he or she must begin a series of procedures to become a pensioner.
But as reported by the Noticias Trabajo portal, if certain deadlines are not respected when carrying out the procedure, the person requesting it may be penalized.
It must be taken into account that, as stated in article 212 of the General Social Security Law (LGSS), it says that “the right to recognition of the retirement pension is imprescriptible”. This means that this contributory benefit never expires.
But do not be careless, because if the request is delayed for too long, you may lose the right to collect a monthly payment.. The amount may also vary, depending on the inflation at the time.
If you are registered with Social Security, you must request retirement within three months before or after the date you stop working.. In the case of requesting the pension after the date of termination, a retroactivity of three months may be claimed.
If it is a situation of registration assimilated to registration in Social Security, they will have economic effects on the pension “from the day following the application or when the causative event occurs, depending on the assimilated situation in question.”
In the case of not registering with Social Security, there will be no retroactivity: the retirement will have economic effects on the day of the retirement request.
To achieve a higher retirement, the second half of the year (months from July to December) is usually recommended.. The reason is that inflation is higher and, therefore, has an impact on the calculation of the regulatory base when calculating the pension.
After the retirement is requested, Social Security has a period of 90 days to resolve and communicate. If no response is received, it is assumed that it is rejected due to administrative silence.
In any case, it is normal for there to be a response within 10 days or 15 at most.