The Círculo de Empresarios asks to delay the retirement age "to 70 years" and to implement the Swedish model of "individual notional accounts"

The

requested this Monday the delay of the retirement age

on average, but with a range of between

with the aim of encouraging Spaniards to delay their retirement and implement the Swedish model of

that would offer citizens "a projection of the level of their future pensions, increasing transparency and trust in the system."

This is clear from the document

presented by the

, and the

.

According to the proposal, "to maintain the current level of Spanish public pension benefits, the retirement age should be increased to 70 years."

Specifically, "an age range would be set in which citizens would freely choose the moment of their retirement" between 68 and 72 years.

In the case of citizens who decide to retire between the ages of 68 and 70, their pension would be lower (

) and, if they decide to retire between the ages of 70 and 72, they would receive a pension increase (

). However, there would be "exceptions" for certain professions in which delaying the retirement age "is not advisable".

In these cases, the State would take charge of the pensions of these groups until they reach the age at which they would receive them from the "notional accounts system." With this system, proposed by the Círculo de Empresarios, the pension would be calculated at the time of retirement using the value of the "accumulated sum of the contributions made by the worker throughout his entire working career" divided by "the hope worker's life ".

According to the think tank, as the system "continues to be pay-as-you-go" if the "actuarial" equilibrium does not satisfy the long-term financial equilibrium of the system, the calculation of the initial pension or its revaluation "can be modulated according to the projections. economic and demographic to ensure the aggregate sustainability of the system. "

With these measures, citizens would have "greater freedom to decide on the duration of active life" and "delay in retirement age would be encouraged."

Private savings

Likewise, the Círculo de Empresarios pointed out that "financing from private savings", through retirement plans promoted by companies and individual savings, stands as "one of the alternatives not only to guarantee a stable individual consumption profile but also to reduce pressure on public pension systems ".

In this way, the body asks to "contemplate" alternatives such as the "automatic" pension plans, launched in the United Kingdom in Italy, or to implement measures such as the 'Austrian backpack', with which the worker allocates his contribution to a fund with which you can increase your pension or dispose of it when you are fired.

Likewise, the Círculo de Empresarios points out that any reform of the pension system, in order to ensure its "sustainability in the medium and long term", must be "the result of the highest level of parliamentary consensus possible, preferably with an agreement between economic and social agents and with a vision of the future, putting the general interest before the electoral and short-termists ".

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