The pension reform approved by the Council of Ministers yesterday has as one of its main objectives the increase of the effective retirement age, that is, the average to which most people retire, which is currently 64 and a half years old. The intention of the Executive is bring it closer to the legal retirement age, which is 66 years, but that will gradually increase until 67 in 2027 (This was established in the reform that the Government of José Luis Rodríguez Zapatero agreed with the social agents).
To achieve this objective of increasing the real retirement age, the new law will increase the penalties for those who decide to advance their retirement, but, in turn, it will also raise the bonuses for professionals who decide to continue working. Specifically, the aforementioned bonu...