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  • DANIEL VIAÑA

    @DanielVianaR

Updated Friday, 2April2021-22: 34

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  • The reality of pensions (I) Social Security has accumulated deficits since 2012 and its debt already exceeds 85,000 million: "A company would be bankrupt"

  • The reality of pensions (II) Escrivá puzzles unions and employers with the pension reform: "We are as at the beginning"

The Spanish pension system is one of the most generous in Europe and, therefore, in the world.

Their replacement rate, that is, the ratio between the last salary and the first pension, is very high, and this has been noted on many occasions by organizations such as the OECD and numerous economists with a great knowledge of Social Security.

And this is also evidenced by data such as that

the average pension of new retirees from the general scheme is already close to 1,600 euros

, according to relative figures.

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