Contract of relay in the retirement partial, what is?

Discovers what are the contract of relay and the retirement partial.
One of the early retirement options, although it is also an option at the usual retirement age, is partial retirement. This lets any employee continue working as well as receiving part of their pension at the same time. When a worker partially retires before ordinary retirement age, the gap left by the implementation of the part-time contract needs to be filled. This gap is filled by a contract called a relief contract. This article will explain everything you need to know about relief contracts and partial retirement.
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Relief contracts

This type of retirement lets you receive your state contributory pension and continue working part-time. The pension would be reduced according to the reduction in working hours. When a worker who has not reached ordinary retirement age partially retires, it is compulsory for the company to contract a replacement worker, with the intention of completing the remaining hours that the partial retiree ceases to work, and to also start a process of preparing the worker for a position that will soon become vacant. If the partial retiree retires after usual retirement age, the relief contract is optional.

This contract has a number of particular characteristics. For example, in every relief contract there are two figures: the person relieved, who is the worker requesting partial retirement, and the replacement worker, who is the person who is going to stand in for them. In addition, it must be provided in writing and officially, with a record of the name, age and professional situation of the person relieved, as well as the characteristics of the position that the replacement worker will hold. Finally, it is important to take into account that the relief contract must be entered into simultaneously with the relieved person's part-time contract.

Requirements for the partial retiree or person relieved

In the same way as there are age and contribution requirements for ordinary retirement, certain conditions must also be met for partial retirement.

To partially retire with a relief contract, you need to demonstrate at least 33 years of contributions and at least 6 years at the company. Taking into account the fact that a minimum contribution period of 33 years must be demonstrated, if you want to retire partially in 2019, you will be able to do so at 62 years and 4 months if you have paid contributions for 33 years , or at 61 years and 8 months if you have paid contributions for at least 34 years and 9 months. Therefore, the minimum age will vary depending on the number of years you have paid contributions. In addition, another condition you must fulfill is to have paid contributions for at least 15 years, and two years must have been during the 15 years immediately prior to the application for partial retirement.

It should be noted that the working hours and salary will be reduced according to the contract agreed with the replacement worker, but it will have to be reduced as a general rule by between 25% and 50%. If the contract for the replacement worker is full-time and permanent, the working hours can be reduced to 75%.

It is also important to take into account that the pension received by a partial retiree is not their full pension, but is reduced according to the reduction in their working hours. However, when you fully retire, your pension will be recalculated, taking into account the contributions made during your partial retirement, which for these purposes will be considered to have been made on a full-time basis.

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Requirements for the replacement worker

As this is a type of contract intended to promote employment, among other things, the company can only contract an unemployed individual or someone with a prior temporary contract with it. Furthermore, the replacement worker's working hours must be at least equal to the reduction in the person relieved's working hours. Thus, if a partial retiree reduces their working hours by 25%, the replacement worker's minimum working hours must also be 25%, although this may be higher if desired. In addition, the replacement worker must perform similar tasks (or the same tasks) that the partial retiree performed.

In short, partial retirement is a very attractive option for many workers who want to start enjoying their retirement, but who want to keep a work routine. This type of retirement also lets anyone who wants to start enjoying part of their pension, while also maintaining part of their income.

At BBVA, we know how important it is to retire with savings to enjoy life without worries, so we offer our customers pension plans designed for all kinds of saver profiles, adaptable to their individual circumstances. Go to or visit any of our branches if you would like more information about our pension plans.

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