Businessmen, unions and the Government have reached a preliminary agreement this morning on which to agree on a first phase of the reform of the pension system that will enter into force from January 1, 2022. UGT and CCOO accept the proposal of the Ministry of Security Social and they will not need to consult it in their organizations because this procedure has already been carried out. The businessmen grouped in CEOE and Cepyme must meet in assembly this week to ratify the agreement. The idea is that it can be taken to the Council of Ministers next week to begin its parliamentary procedure through the urgent route.
The approval of the unions depended on overcoming a legal obstacle that has delayed the agreement and put the person in charge of the negotiation José Luis Escrivá in an uncomfortable situation. CCOO and UGT had accepted the word that the sustainability factor, a formula for adjusting pension spending introduced in the 2013 reform without their approval, would be repealed. When they read two weeks ago the preliminary agreement that offered them this derogation was not included and the explanation they received was that the system could not be left without a cost containment factor. The formula now agreed is that the Government undertakes to repeal it when it has designed the alternative, which will be called the intergenerational equity factor. The unions hope that the new formula will be designed, negotiated and approved next December.In this sense, the way out of the blockade has come with a union transfer.
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