Why Baby Boomers Who Have Held Pensions For 40 Years Will Lead Them To Collapse Without Reforms

• CÉSAR URRUTIA

  @cesarurrutiasj

• ELSA MARTÍN

  @elsa_millan

Updated on Wednesday, 27October2021-02: 06

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The Spanish pension system reaches the end of a stage.

Four out of 10 people born by 2020 begin to reach their retirement age in a process that will last two decades. The

who over the past 40 years have argued pensions of their elders,

which does not give itself over to its current configuration.

Expenditure on pensions

-171,165 million euros- is

but its expected increase is impossible to assume without containment measures.

Why?

Because even if the accounts are cleaned up by rejecting that the pension fund pay benefits that do not correspond to it,

What will the changes consist of?

As of 2022, pensions will be revalued with the CPI for the peace of mind of pensioners.

But this measure will be accompanied by others that will cut either the benefit or the time that will be charged.

Source:

The Independent Authority for Fiscal Responsibility (

), National Institute of Statistics (INE) and Ministry of Inclusion, Social Security and Migrations

Graphics:

Elsa Martín

Art direction:

María González Manteca.

According to the criteria of The Trust Project

Know more

• Pensions

• economy

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