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Old 28th Aug 2016, 19:07
  #130 (permalink)  
LEVC
 
Join Date: Jun 2002
Location: Europe
Age: 48
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Spanish state pension

Spanish state pension requires a minimum of 15 years working/paying social insurance, that would get you the minimum retirement, if you want the full retirement pay it is 35 years.
VERY IMPORTANT: if you work less than 15 years in Spain you get no retirement pension.
35 years is 100% pay, they deduce 2 to 5% per year you are missing, if you only did 15 years then you get 50% or so.
The 100% is not a fixed quantity and it varies depending on your pay through your working life (average modified for inflation), your social security payments are proportional to your salary, but max pay is caped at around 2200 euros.
Who would retire now getting 2200 euros a month?, well somebody who has worked the past 35 years without gaps and with high salary.
So in the best of the cases you would get 2200.
This is a rough overview of the spanish system.
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