The Minister of Inclusion, Social Security and Migrations,
José Luis Escrivá
, has referred this Monday to his controversial statements that the 'baby boomers' will suffer a "moderate adjustment" of their pension or will have to work longer with the new mechanism of intergenerational equity to be negotiated by the Government, unions and employers.
Escrivá, in statements to La Sexta collected by Europa Press, has insisted that "he did not express himself well" and that it was inappropriate, since the day he made those reflections was the day the pension agreement reached with the social agents was signed.
"It
was the day to value the agreement,
" he acknowledged.
The minister explained that it is not a matter of the 'baby boomers' receiving less pension or working longer, but rather that today's young people, the children of that generation, do not bear the higher pension expenses that the arrival of their parents will entail. at retirement age.
That of young people, Escrivá explained, is a
smaller and "narrower"
generation
than
that of the 'baby boomers' and that also suffers from "a lot of job insecurity."
"We have to internalize that they cannot bear certain costs and I am not referring only to pensions, but to all public policies. We must protect young people," he indicated.
Thus, just as the gender component has been incorporated into the design of public policies, the minister believes that this youth component
should be introduced in the preparation of public policies
.
"The effort cannot fall on the young. We have to find together how to avoid it and, following the same model that a year ago it seemed difficult to reach an agreement on early and delayed retirements, I am convinced that we will agree. There are different ways. to do so ", added the minister.
In any case, it has pointed out that the measures agreed in the social agreement are "substantive enough" so that "it is not necessary or necessary" to apply the intergenerational equity mechanism that will replace the sustainability factor.
"In case we had to think about something else or not, we must have a frame of reference, that is why we have to agree on it," he pointed out.
Pensions
For Escrivá, this mechanism "is not the most important thing" of the agreement with the social agents, since the most important thing is that the pensions will be updated with the CPI and that the effective retirement age will be delayed thanks to a good scheme of incentives.
"With a good incentive scheme we can get people to work longer, and that is the most powerful element for the sustainability of the system", he added.
Thus, "within the aggregate package", the intergenerational equity mechanism "is a minor and perfectly manageable issue," insisted the minister, who recalled that the agreement reached with the social agents moves within the parameters of the recommendations of the Toledo Pact.
Escrivá stressed that Spain "does not have an acute pension problem", since its current spending is 12% of GDP, compared to 16% of GDP in France and Italy, and what is estimated is that, if Spain did nothing At some point in the late 1940s, spending of 16% of GDP would be achieved.
"And what we are doing is gently preparing ourselves to handle this problem, which is manageable. Starting in 2050, when young people reach retirement age, spending drops very markedly, 2.5 points," said the minister. , which has made it clear that the reform agreed with unions and employers does not oblige them to work for more years, as this is still voluntary.
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GDP
Spain
Social Security
Jose Luis Escrivá
economy
EconomyThe pensions of early retirees will suffer cuts of up to 8,000 euros for advancing retirement two years
Retirement Government and unions reach an agreement to reform pensions, in the absence of ratification by the employer
EmpresasEscrivá will "immediately" discourage contract rotation in the labor market
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