New flexible retirement regulation: compatibility of retirement pension with work
28 May 2026
Effective: 28 May 2026
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Who is affected:
Retirees wishing to work, companies hiring them and self-employed pensioner workers
Summary
Flexible retirement is reformed to make it easier for retirees to work without losing their entire pension, expanding options for both employed and self-employed work.
Detailed analysis
PRO
Royal Decree 416/2026 replaces the 2002 regulation on flexible retirement, allowing the contributory retirement pension to be combined with self-employed work (new feature) or part-time employed work between 33% and 80% of working hours. For self-employed work, 25% of the pension is received. For employed work, the pen…
Full official title
Real Decreto 416/2026, de 27 de mayo, por el que se regula el régimen jurídico de la jubilación flexible y otros aspectos comunes a las modalidades de compatibilidad de la pensión contributiva de jubilación con el trabajo, y se modifica el régimen de la jubilación demorada.