Have you contributed to social security for 40 years and plan to retire as soon as you turn 63? Be careful. That first month is the most expensive according to the entire table of reduction coefficients, and the cut will remain in your pension forever.

In this video, I explain, using the law and real figures, how much you lose for retiring early, why waiting just two months can increase your pension by more than €100 per month for life, and in what cases those same two months determine whether Social Security grants or denies your early retirement.

What you'll learn:
✅ Why, with 40 years of contributions, your reference age is 65 (and not 66 and 10 months)
✅ The reduction coefficient table: from 2.81% to 21% depending on months and years of contributions
✅ The double step that almost no one takes advantage of: months of early retirement + contribution bracket
✅ How 3 months on unemployment benefits can change your pension to the involuntary retirement table
✅ The supplement for early retirees between 2002 and 2021 that you should review
✅ What really happened in Congress regarding the 40 years of contributions (and why it's still not being applied)

📌 Example from the video: 41 years and 4 months of contributions, regulatory base of €1,900. Retiring on their birthday, they would receive €1,539. Waiting 2 months, €1,646.73. Difference: €107.73 per month, more than €30,000 in 20 years.

⏱️ CHAPTERS
00:00 40 years of contributions… and they cut your pension
02:15 1. When is it really time for you to retire?

04:29 2. How much do they take away exactly?

08:14 3. Does it make a difference whether you have 35 or 45 years of contributions?

10:29 4. Why the first month is a trap
13:15 5. If you're just a few months away from changing contribution brackets (the key)
14:43 The case that ends in a denied retirement application
18:04 6. If you're receiving unemployment benefits
20:29 7. I already retired with a cut, can I recover anything? 22:15 8. What happened in Congress and when it affects you
25:57 For whom waiting makes NO sense
26:59 Summary and 3 checks for this week

📚 OFFICIAL SOURCES
• General Social Security Law, art. 208 (Royal Decree-Law 8/2015), wording of Law 21/2021 — https://www.boe.es/buscar/act.php?id=...
• Reduction coefficients — Social Security: https://www.seg-social.es
• Government response in Congress (May 2026), cost data and average pensions: https://www.congreso.es/entradap/l15p...
• Retirement simulator: Your Social Security — https://sede.seg-social.gob.es
• Social Security telephone number: 901 16 65 65

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⚠️ NOTICE: Informational content. This does not replace personalized advice or a decision from Social Security in your specific case. The figures are illustrative examples based on the regulations in force as of October 7, 2026. The proposed law to eliminate the coefficients for those with 40 years of contributions is currently being processed and is NOT yet in effect. The regulations may change.

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