Many retirees wonder about the possibility of continuing to work without losing their old-age pension. The answer is positive, but it depends on the age of the beneficiary and the type of pension they receive. Continuing to carry out a professional activity can allow you to receive your pension and, at the same time, increase the future value of your retirement.
Who can accumulate work and pension
According to the Social Security website, anyone who has reached legal full retirement age can remain active in the job market without any penalty in the amount of their pension. This means that there are no cuts in payments, even if income from work is high.
According to the same source, this rule applies to pensions granted by the general Social Security regime and also to other compatible regimes, including certain public service pensions.
For those who receive an early pension, the situation is different. There are income limits that, if exceeded, may result in temporary adjustments to the value of the pension.
These reductions do not imply the definitive loss of pension rights, but only a proportional adjustment until the legal retirement age is reached or professional activity is reviewed. Complying with these rules is essential to avoid future regularizations and ensure that the benefit is maintained.
Benefits of continuing to work
Staying active professionally has advantages beyond simply maintaining your pension. Each month of work and each deduction paid to Social Security is counted in the retirement calculation, which may increase the final amount to be received in the future.
This updating of the pension value is automatic whenever income is declared and can result in a significant increase over time.
Resuming or continuing a professional activity also allows you to maintain routines, maintain social contact and prolong the feeling of autonomy, aspects valued by many retirees.
The warning is that it is advisable to clarify all legal details in advance with an accountant or the pension information service itself, in order to ensure that the accumulation of income does not compromise the right to a pension.
Even occasional activities require attention. Correct declaration of income is mandatory, and failure to follow the rules may lead to temporary adjustments.
These standards balance the right to retirement with the sustainability of the pension system, allowing retirees to remain economically active without losing benefits gained throughout their career.
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