Spain Is Arguing: With 40 Years Paid In, Can You Retire Early Without a Penalty?
On 22 September, Spain's Congress voted to take up a proposal: people with 40 years of contributions would no longer have their pension cut for retiring early, and the change would reach back to those already retired. Under current rules the cut runs from 2.81% to 21%. This piece is about "enough," and how two different reckonings answer it.