With 18 years of contributions do you get a pension at 67? Here’s the answer

Retiring at 67 is something a worker can do. but only if he meets the other requirements needed for an ordinary old-age pension. Requirements which are contributory ones, with at least 20 years to pay in order to access retirement.

However, many find themselves perhaps with 18 years of contributions and wonder if they will take their pension anyway and still at 67.

With 18 years of contributions do you get a pension at 67? Here’s the answer

A worker who reaches 67 years of age must necessarily have at least 20 years of paid contributions to finally be able to reach his pension. This is the ordinary old-age pension, open to all workers without distinction and with the same requirements. In fact, the pension restriction of up to 1.5 times the social allowance that the measure provided for those who did not have contributions before 1996 has disappeared. Now even pure contributors who have their first credit only from 1 January 1996 onwards have right to an old-age pension without particular limits on the amount (as long as it is not less than the Social Allowance, ed.). And what should those who have not reached the age of 20 do? There are solutions for retiring, but for many, even having 18 years of payments, retirement is precluded.

Here are some viable, even if complicated, solutions

The right to a pension is not always reached at the age of 67 precisely because the 20 minimum years of expected contributions are missing. Anyone who paid contributions before 1996 is not entitled to a pension if they stop at the age of 18. The case is different for those who started paying after 1995. For them, at least at 71 years of age, the old-age pension is guaranteed. Those who paid all of these 18 years of contributions before 1992 could be entitled to the Amato exemption pension for 67 years. Or those who obtained the green light to make voluntary payments by 1992. There are essentially two alternatives for enjoying treatment for those who today have only 18 years of contributions. Or you move on to voluntary payments now, paying the missing two years. Or we move on to aiming for the Social Allowance, which pays regardless of contributions, 534.41 euros per month in 2024. But only to those with low incomes lower than the Social Allowance itself if single, or lower than double the Social Allowance if married. In essence, with 18 years of contributions it is difficult to retire.

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