Decree Law no. 10/2016, of 8 March
This diploma amends Decree-Law no. 8/2015, 14 January, which revoked the suspension of access to early retirement, establishing a transitional regime concerning the conditions for recognition of the right to early retirement, which was in force during 2015.
After this transitional regime, access to early retirement once again depended on the beneficiary having at least 55 years and, when reached this age, 30 or more years with registration of relevant remunerations for calculation of the pension.
With this amendment, until the regime of the age of early retirement is reviewed, the recognition of the right to an early retirement pension depends on the beneficiary having 60 or more years, and 40 or more years with registration of relevant remunerations for the calculation of the pension (regime in force in 2015).
Note, however, that this amendment safeguards the rights of those who have submitted their early retirement pension application until the date of its entry into force, on 9 March 2016, accessing early retirement in the conditions mentioned in the second paragraph above.
This diploma also introduced, as a differing condition of the pension, the need for an express statement of the will of the beneficiary to keep the decision to access to early retirement.
Decree Law no. 11/2016, of 8 March
Following the increase of the value of the minimum monthly remuneration (€ 530), the Government has decided to proceed with the reduction of 0.75% of the Social Security contributions paid by the employers regarding the remuneration due between February 2016 and January 2017 (including the amounts due under the vacation and Christmas allowances).
This measure applies to the private employers, as contributors of the Social Security regime, without prejudice to the exceptions provided for in the aforementioned decree - law.
The assignment of this reduction is subject to the following cumulative conditions:
- A full time or part-time employment contract between the parties, with date prior to January 1, 2016;
- The employee earning, as of December 31, 2015, a monthly base salary in the amount comprised between € 505 and € 530, or in its proportional amount in the case of part-time contracts;
- The employer has the situation regularized before Social Security.
Such reduction is granted ex officio by the Social Security’s services, when the required conditions are met, after the submission, by the employer, of autonomous income statements of the employees covered by this reduction. In case of part -time employment contracts, such reduction depends on the submission of an application.
This support measure may be combined with other employment incentives applicable to the same workplace.