Permanent disability is a lifelong economic benefit granted to a worker who. After having undergone the prescribed treatment. Presents serious anatomical or functional reductions. Susceptible to objective determination and foreseeably definitive.Which diminish or annul his or her work capacity . Such qualification shall not be hindered by the possibility of recovery of the work capacity of the disabled person. If said possibility is medically estimated as uncertain or long-term.
Retirement is also a lifelong economic benefit that covers
The loss of income suffered by a person when, having reached the overseas chinese in worldwide database established age.
Both benefits are included in the protective action of the the right acquired at work General Regime and the Special Regimes. It is important to seek labor advice in Madrid to obtain specialized and precise guidance on these issues because if you are permanently disabled and retirement age is near, you need to be informed about what benefits you the most.
Is permanent disability compatible with retirement?
As a general rule, they are not compatible . That is, if you are permanently disabled when you reach retirement age, you will not be able to collect both benefits simultaneously if they come from the SAME Social Security system.
You will have to choose one of them. But be careful, because if they are different regimes, they would be compatible and both could be paid monthly.
In any case, the benefit level of any of the pensions will be determined by the degree of recognized work incapacity and by the contribution bases that Social Security considers according to current regulations when calculating and establishing the amount to be received for each type of pension.
- In the case of total permanent disability , 55% of the regulatory base is paid . When the beneficiary reaches 55 years of age, this percentage can be raised to 75% of the same (remember that in the case of absolute permanent disability, 100% of the regulatory base is received).
- Regarding retirement , depending on the contributions and the quantification carried out, the pension may be greater than the disability benefit.
How to go from Permanent Disability to retirement
Now that you know that both benefits are not compatible, you contact lists are probably wondering what happens with permanent disability when you reach retirement age . Do you automatically retire? Do you have to apply for it? Is the situation of permanent disability extended?