- There are debts payable to creditors (excluding debts associated with Social Security and tax obligations) for a combined amount greater than 150% of the ordinary income or sales during the two fiscal quarters prior to the application.
- The income or sales must have suffered a reduction of at least 75% in the aforementioned periods with respect to the same periods in the previous fiscal year(s).
- The monthly net income (excluding debts associated with Social Security and tax obligations) during these quarters from all economic or professional activities is less than the minimum wage or the contribution basis the individual was paying, if lower.
In addition, the same eligibility requirements must be met as for the ordinary benefit due to the permanent termination of activity, except for work termination in the special scheme and the close of the establishment, in which case the benefit is compatible with reduced working hours.
The provisions of Article 331.1.a.5 of the General Social Security Act are applicable
The amount of the benefit shall be 50% of the contribution basis, calculated using the average of the bases for which contributions were made during the continuous twelve-month period immediately prior to the termination of activity. No high or low limits shall apply, depending on the family circumstances of the recipient. Together with the financial benefit, the mutual society will pay 50% of the special regimen benefit directly to the recipient, who is responsible for paying all the contributions to the General Treasury of the Social Security Institute. The maximum period to receive the benefit will depend on the previous contribution for termination of activity, in the same way as with the ordinary benefit for the permanent termination of activity.
The benefit can be requested by filling in and submitting the application form with FREMAP