Spain Social Security to cut early retirement pensions up to 17% despite max contributions

Spain's Social Security will apply pension reductions of up to 17% for workers who retire early, even if they have contributed more than 41 years and exceed the maximum contribution threshold. The measure, reported by Expansión, signals a tightening of early retirement incentives amid fiscal sustainability concerns. The exact implementation timeline and scope remain unclear, but it marks a policy shift affecting pension adequacy for long-career workers.