• Pensions The bill grows another 4.96% and sets a new record of 9,693 million
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People between 35 and 43 years who were expelled from the labor market during the crisis for at least three years may recover up to two years of contributions through a special agreement with Social Security , according to a Ministerial Order that is being designed by the Ministry Labor, Migration and Social Security for approval "in the shortest possible time."

The rule, which is in the process of public consultation, aims to reduce the negative impact of the crisis that broke out in 2008 in pensions to be received in the future by those who, being unemployed for at least three years, were reduced their quoted periods and, therefore, the amount of their future pensions.

The Order develops a provision of the Royal Decree-Law for the revaluation of public pensions approved by the Government in December 2018. This provision provides for a new modality of special agreement with Social Security for those affected by the crisis.

Specifically, through said special agreement, persons between 35 and 43 years of age who accredit a contribution gap of at least three years between October 2, 2008 and July 1, 2018 may recover a maximum of two years of quotes. These contributions will be calculated exclusively for the purposes of permanent disability, retirement and death and survival benefits.

Given the time elapsed until the approval of the norm that regulates this agreement, Labor will also allow it to be subscribed to those who have reached 44 years of age within the three months prior to its entry into force.

This modality of a special agreement for those affected by the economic crisis will have a temporary validity, since it will be extinguished once the period established in general has elapsed for those who accredit the requisites required to sign it.

As the Expansión newspaper has advanced, the beneficiaries will be able to recover up to two years of contributions with a reduction coefficient on the type of contribution that is applied to the corresponding base, the effective rate being 21.81%. In this way, he exemplifies, for a minimum base of 1,050 euros , the contribution that the worker would have to make would be 281 euros per month.

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  • Social Security
  • Pensions
  • Early retirement

Macroeconomics2,31 workers support each pensioner today, but the best ratio since 2012 no longer balances the system

In August, pension spending rises 5% to 9,681 million

Macroeconomics The pension bill grows another 4.96% and sets a new record of 9,693 million in September