prejubilación
sustantivo femenino
early retirement
| Prejubilación |
| Early retirement (“jubilación anticipada”) is for workers aged 61-64. Retirement before 61 falls into the category of prejubilación, and as many as 60-70,000 Spaniards take this option annually, with the result that fewer than 40% of Spaniards aged 55-64 are economically active – some 10% lower than the current EU target for 2010. Prejubilación reduces costs for employers, and enables workers to leave a job on better terms than becoming unemployed, but it places a major burden on the cost of state pension provision. |
