Overview
- The Council of Ministers approved a Royal Decree on Tuesday that reforms the legal regime for jubilación flexible and adds new financial incentives for pensioners who return to work.
- For the first time eligible self‑employed pensioners may use the flexible regime provided they were not registered as autónomos in the three years before retiring.
- Part‑time work limits widen from 25–75% to 33–80% of a full day and pension payments will be reduced in direct proportion to the hours worked.
- Pensioners who return at least six months after retiring will receive a temporary top‑up of 25% for work at 55–80% time or 15% for work at 33–55% time, and autónomos may receive up to 25% of their pension while working.
- The decree applies across most Social Security schemes but excludes special public‑sector regimes and takes effect three months after publication in the Boletín Oficial del Estado, with uptake and budget effects to depend on how many retirees and professionals re‑engage in part‑time work.