The proposal to create a finalist quotation on the payroll of the workers to finance the pensions of future generations has created a great discomfort among entrepreneurs, who consider that, in addition to contrary to their requests to reduce the contributory effort to facilitate job creation It will be clearly insufficient.
The anger is greater when it takes into account that a proposal of the caliber of yesterday by the Ministry of Social Security was delivered at the last minute, without data that will help to understand the context or projection of the measure and in just folio and average . Everything, with just two weeks of term to negotiate and give the approval or reject it, because it arrived on November 15 Social Security will begin its processing as a parliamentary amendment with or without social agents.
Today, with the business reaction, Minister José Luis Escrivá could hardly count on the support of the employers in his proposal for the reform and financial balance of the pension system. "Upload quotes is a red line for entrepreneurs, it is the opposite of what we are asking the government," explain in circles of the employer. Without having access to more data than the creation of a finalist quotation of 0.5% that will serve to fill in the next 10 years the pension piggy bank emptied in the last decade, the distrust towards the effectiveness of the measure is total. "With a rise, this way will not be able to cover the hole that in recent years has been able to cover with extraordinary loans: no matter how much the births are raised, the pensions of the babyboomers will not be covered," explain these sources.
.Contra what is explained in business circles, Minister Escrivá ensures that the negotiations "go well" and that are progressing. The Social Security manager has indicated that the proposal of him "does not cut any pension in any case and at no time", unlike the sustainability factor of the 2013 reform, which penalized pensioners with cuts, especially the more youths. "This mechanism simply generates a safety valve and slaughters the system to reinforce its sustainability," he has underlined.
The document presented yesterday points out that, in the event that the diversion of spending is greater than 0.2% of GDP, or that the assets of the reserve fund have been exhausted, the Government will negotiate with the social partners "a directed proposal A minoring the percentage of expenditure in pensions in terms of GDP through measures framed in the recommendations of the Toledo Covenant. " These measures should compensate for the deviation in the pension expenditure forecast in 2050 that is not covered by the assets of the reserve fund with a limit of 0.4% of GDP. Also, if the above is not enough, it is indicated that the Government will negotiate with the social partners new increments of the type of quotation with a limit of 0.4% of GDP.
The presentation of this rate of contributions is due to the social security commitment and the social agents achieved last summer to repeal the sustainability factor. This commitment is a guarantee against Brussels that the pension system will be sustainable in the future with income measures or alternative expenditures to the repealed sustainability factor.Updated Date: 08 November 2021, 06:38