• Fresh Money.Escrivá will launch a public employment pension superfund for millions of workers

The government wants each new worker to have an

"automatic assignment" to a company pension plan

.

This has been announced by the Minister of Social Security, José Luis Escrivá, who has pointed out that in this way it is intended that the worker has a "significant supplement" in his income at the time of his retirement.

This measure fits into the Executive's objective of developing the so-called second pillar of the Social Security system, which is the one that includes collective systems such as the aforementioned collective plans,

and follows the example of the model of the Basque Country

, where it is very widespread that new workers who join a company also have access to one of these products.

Escrivá has always highlighted the advantages and positive aspects of the Basque model, and now raises this "aspirational objective", add Social Security sources, which is to be implemented through collective bargaining.

"What you want to do is that this system is not only accessible to some companies and some employees

but is generalized,

" they develop at the Ministry.

"Collective plans in Spain account for 3% of GDP, about 35,000 million euros, a very low figure," Escrivá said during the opening of a forum on pensions organized by the newspaper

Cinco Días

, figures that in his opinion show

the " underdevelopment

or "of these products.

According to the criteria of The Trust Project

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