When you’re looking when can you retireaspects such as retirement age They are key. However, what affects the amount of the pension, how much you are going to collect in retirement, are also the years you have been listed. And of course, meeting your minimums is not always easy, because in a career there may be stoppages, layoffs, temporary jobs or other things.
Therefore, it is worth knowing that There is a way to continue contributing if you are not working. No, it is not an aid or an automatic contribution system, it is a voluntary mechanism that you have to propose to Social Security, and that they have to approve.
The method to contribute without working. There is a mechanism to continue contributing to social security while you are not working. It is a special Social Security agreementand is intended for those people who for some reason have stopped working, but want to try to ensure they can have a complete retirement.
The mechanism itself is quite simple, what you have to do is pay your own contribution as if you were working. You already know that your Social Security contributions are paid by your company if you work as an employee, well, if you are unemployed or want to be without work for a while, you can take care of this contribution on your own.
With this, there is no question of you going to retire early or anything like that. It is simply about continuing to add months and years to your contribution, so that when you reach retirement age you can have more guarantees of reaching the minimum number of years of contributions to have a full retirement.
Requirements to pay your own contribution. To be eligible to pay your own Social Security contribution, you must have contributed for at least 1,080 days in the last 12 years. Here, in this sum of days, contributions from other previous special agreements can also be counted, and even leaves of absence to care for family members.
In addition to proving this prior contribution, it is also necessary that you are not collecting unemployment at the time you submit your application, and that you are not registered with any Social Security scheme, nor do you collect a retirement pension or permanent disability.
You must make this request within a period of one year from the situation that gives you the right to sign the agreement. Come on, since you stop working. And obviously, you will also have to give your bank account to direct the payments.
People who have been hired with a contribution base lower than the average of the 12 months prior to losing their previous job, and unemployed people who have stopped collecting unemployment benefits, can also request this. Those people who request withdrawal from Social Security can also request a pension that has later been denied.
It won’t always pay off. The fee you have to pay will be calculated by Social Security, and depends on the basis for which you want to contribute and its applicable rules. You should know that this agreement will not always compensate you, because sometimes you may end up with a fee so high that facing it puts you in a complicated situation, and it may be too much of an economic effort if you are not collecting the payment.
Image | Unsplash (Sweet Life)
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