The owners of pension plans will be able to recover their savings in case of unemployment or business termination

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Participants in a pension plan who, as a consequence of the coronavirus crisis, are unemployed or cease business, will be able to access their savings . This has been decreed by the Government, which has included this measure in the extensive Royal Decree that it approved this Tuesday and to which EL MUNDO has had access.

" During the six-month period ", and as of March 14, "the participants in the pension plans may, exceptionally, make their consolidated rights effective," states the document, which adds three cases in which they will be allowed to recover the savings.

The first is "being in a legal situation of unemployment as a consequence of a temporary employment regulation file derived from the health crisis situation caused by Covid-19". The second, "being a business owner of establishments whose opening to the public has been suspended ." And in the case of self-employed workers, he adds thirdly, "who had previously been integrated into a Social Security regime as such and had ceased their activity as a consequence of the health crisis situation".

Likewise, the document establishes maximum amounts to be used and which must not be higher than the wages not received while the ERTE is in force, or the income that has been lost during the crisis.

"The reimbursement of consolidated rights will be made at the request of the participant, subject to the tax regime established for the benefits of pension plans", and "must be made within a maximum period of seven business days from the participant submits the corresponding supporting documentation ", specifies the text.

According to the criteria of The Trust Project

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