Spain increases pension contribution requirement to 37 years

To receive a full pension in Spain, 37 years of contributions will be required starting in 2027. This increases the current requirement by six months. This change is part of a gradual reform to ensure the sustainability of the pension system due to an aging population. Currently, 36.5 years of contributions are needed. The number of years contributed affects the percentage of the pension received, while retirement age determines when one can access it. Fifteen years of contributions grant 50% of the pension base.