Updated on Tuesday, 11 August 2020 - 22:10

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  • According to the Bank of Spain. The generosity of pensions: retirees receive 1.74 euros for every euro contributed
  • Economists for Reconstruction (VIII). J. Enrique Devesa: "We are going to be forced to cut pensions and salaries of civil servants"

Delaying the retirement age and, especially, encouraging workers to voluntarily choose to extend their professional life is one of the options that both the Bank of Spain and the Minister of Social Security, José Luis Escrivá, have pointed out on numerous occasions as fundamental to tackle the financial problems of the system. But for this, it seems essential that those future retirees have important and clear incentives. And that, according to the BdE itself, is not much

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