Partial retirement allows workers to retire up to three years before the legal age by combining salary and pension. This scheme, which requires agreement with the company, has been updated with the recent reform of April 2025.
The partial retirement is an option that allows workers to gradually leave their job before reaching the legal retirement age. According to expansion.com, since the reform of April 2025, interested parties can access this modality up to three years before the ordinary retirement age, which in 2026 is set at 65 years and 38 years and 3 months of contributions, or at 66 years and 10 months if the contribution period is shorter.
To qualify for this modality, workers must be employed, as self-employed individuals cannot benefit. Additionally, it is necessary to have contributed for a minimum of 15 years, with at least 2 of those in the last 15, and to have a full-time or part-time contract. The reduction in working hours must be between 20% and 33% during the first year, and between 25% and 75% in subsequent years.
The partial retirement scheme with a replacement contract, which is the most common, requires an agreement with the company, and the replacement must meet certain conditions, such as being unemployed or being a temporary worker from the same company. The law also requires that the new contract be full-time and that the contribution base be at least 65% of that corresponding to the worker who is partially retiring.
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