July 1, 2025: 14th CANCELED | They banned it from everyone's pay slip: historic turning point for the State

Bad news for some categories of pensioners who will not be able to count on the usual summer bonus called 14th.

The pension system is mainly based on a pay-as-you-go model. This means that the contributions paid today by active workers are not set aside for their future pension, but are used to pay current pensions . In practice, the working generations financially support those in retirement.

The old-age pension is the most common benefit and is obtained upon reaching a minimum age and a certain number of years of contributions paid. In addition to this, there are other forms, such as the early pension , but in exchange for a greater number of years of contributions.

The pension can be calculated with two main systems: the retributive and the contributory . The retributive method is based on the last wages received and the years of contributions, and is applied to those who had at least 18 years of contributions as of December 31, 1995. The contributory method , on the other hand, calculates the pension based on the total amount of contributions paid.

For those who started working after 1995, the calculation is entirely contributory . For those who have “mixed” careers, a pro-rata system is applied, which combines the two methods based on the contribution periods . This complex system aims to ensure sustainability of the system.

What is the 14th

The thirteenth salary is an additional salary that is paid to employees, and sometimes to pensioners, generally in the month of December. It is a right established by national collective agreements and by law for the majority of subordinate workers.

The fourteenth month's salary , on the other hand, is an additional salary paid to employees, usually in the month of July, and to some pensioners. Unlike the thirteenth, it is not a legal obligation for everyone , but is provided for by specific national collective labor agreements. Its purpose is to financially support workers and pensioners during the summer period.

Someone won't get the 14th

In the July pay slip, pensioners will receive the fourteenth month, a benefit intended for those who meet specific income limits (between 1.5 and 2 times the minimum treatment). It is necessary to be at least 64 years old by July 31 for private management, or by June 30 for public ones. This sum is paid automatically together with the pension, based on the income of previous years.

However, if the age requirement of 64 years is reached after July 31 (or after June 30 for the Public Management), the fourteenth month's payment will be postponed to the December pay slip . It is important to check your conditions to know when you will receive this additional amount.