Overview

• The SEPE subsidy provides €480 per month and credits pension rights by contributing at 125% of the minimum base for beneficiaries aged 52 and over.
• Applicants must be 52 or older, have at least 15 years of social security contributions—including two within the last 15 years—and six years of unemployment insurance.
• Recipients can now collect both the SEPE stipend and the Minimum Vital Income as long as total benefits do not exceed the IMV limit and monthly income stays below 75% of the SMI.
• Failure to report income or asset changes can trigger SEPE repayment demands, exemplified by a case where a beneficiary was initially asked to return €8,542 for undeclared investment gains.
• The Basque High Court ruled that non-disclosure infractions warrant a three-month suspension rather than permanent subsidy withdrawal, easing penalty terms for affected recipients.