PRE-RETIREMENT

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Spain
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SPAIN
PREJUBILACION
PRE-RETIREMENT

Situation prior to retirement in which workers who have ceased employment receive benefits equivalent to a retirement pension until they reach the statutory pensionable age. These benefits are usually granted to workers nearing retirement age who cease working as a result of industrial restructuring or who are in a situation of long-term unemployment. It is similar to early retirement , but differs in that it does not imply the final cessation of occupational activity.


Please note: the European industrial relations glossaries were compiled between 1991 and 2003 and are not updated. For current material see the European industrial relations dictionary.