Pensioners: what is the moratorium like for those who do not have all the contributions that the deputies are trying to approve

After reaching the quorum, this Tuesday the Chamber of Deputies began to analyze the pension moratorium project, which has sanction of the senators and what he contemplates two variants.

The first mode includes people with the reached retirement age (60 years for women, 65 for men), who do not have or will not have 30 years of contributions to start the pension process in the next 2 years.

The second variant is intended for women over 50 and under 60 years and men over 55 and under 65 years that they already know they will not reach to complete their contributions upon reaching retirement age.

In the first case they are allowed regularize the missing periods until December 2008 (including) through the application of a mode of installment payment what will they be discounted directly pension credit who get The number of installments can be up to 120according to the conditions established by law.

The installments to be disbursed for the monthly installments to be regularized will be calculated according to the so-called “Pension Debt Payment Unit”, the value of which will be equal to 29% of the minimum taxable base of wages in force on the date of the request for the pension… A December was around $5,000. For example, one or more installments may be paid per month, depending on the payment plan chosen.

But that tax to pay it will only be used to access the pension. It will not affect the credit, which will be calculated on the basis of the contributions actually paid without a moratorium.

In other words, those who retire with the moratorium will have a “discount” on retirement because they will only receive the years conferred and will also have the share discount on assets in the months or years that the moratorium lasts.

How is the second option of the moratorium?

The second variant is intended for women over 50 and under 60 and men over 55 and under 65 who, having only a few years of contributions, They already know they won’t be able to complete 30 years when they reach retirement age.

This mechanism can be used by those demonstrate income that can justify the payment of the debt deriving from the “Contribution Cancellation Unit” for the periods prior to 31 March 2012. The value of this Cancellation Unit (UCDP) is also equal to 29% of the minimum tax base. This amount It will be adapted to mobility.