The Government is already working on concrete measures to rebalance the pension system with measures that it wants to promote as of next year, when it expects to have the approval of the Congress of Deputies. Among the many novelties that are to be introduced, José Luis Escrivá, Minister of Social Security, has highlighted the tightening of the conditions to access early retirement. The current system, noted in the Toledo Pact commission, has a defective design that ends up giving these retirements a very different character than the one intended since both the disincentives to access these retirements and the incentives to prolong the stage Labor are ineffective.

Escrivá has indicated that his intention is to "redesign the penalties" that have those who retire by this route. Currently, the pension of those who opt for this type of retirement has a discount on their income, and on a voluntary basis, with a fork that moves between 6% and 8%.

In total, according to Social Security data, 16% of all retirements last year were anticipated volunteers and since 2014 they have grown by 66%. In the documents that Escrivá has transferred to the deputies it is pointed out that 85% of the self-employed contribute "for the minimum base, having, in many cases, higher incomes".

The head of Social Security has not clarified what this redesign will consist of, although usually these types of announcements produce precisely the effect that requests for anticipation are accelerated in view of the prospect of a greater penalty.

Escrivá has also highlighted the interest that it would have to promote pension plans in companies as a complement, since the individuals are, in their opinion, less profitable among other reasons because of the management fees that they entail. He has not indicated whether this assessment will result in changes in the regulations on this point, although the agreements of the Toledo Pact advanced until the electoral call of February last year did include proposals.

In general, Escrivá wants the deputies present in the commission to commit to 23 reforms that guarantee the purchasing power of pensions, the sustainability of the system and greater equity with a stable and lasting legal framework. they do not include the proposals introduced at the last minute by PP and Podemos- will be approved in the coming months and the Government will be able to initiate the reform of the whole system next year.

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  • José Luis Escrivá
  • Social Security
  • Congress of Deputies
  • PP
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  • Pensions

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