Escrivá raises at 0.6% the rise in quotes to raise 21,000 million and does not convince employers or unions

The system designed by the Government to fulfill its commitment to save the pension system so that it reaches up close generations and Brussels as a sufficient

Escrivá raises at 0.6% the rise in quotes to raise 21,000 million and does not convince employers or unions

The system designed by the Government to fulfill its commitment to save the pension system so that it reaches up close generations and Brussels as a sufficient equilibrium factor will raise between 20,000 and up to 24,000 million euros in the 10 years in which It will be in force, according to the estimates transferred yesterday by the Ministry of Social Security to unions and companies in the negotiations they maintain to agree on this mechanism.

The Social Dialogue Bureau that brings together the three Parties to find an agreement that fulfills this commission of the Congress was found yesterday with which the Government modified its proposal last week. Instead of a finalist quotation of 0.5% of the salary of workers who join those already established during the decade of 2023 to 2032, the ministry led by José Luis Escrivá, raised one of 0.6%. In this way, instead of the 1,700 million annuals that would be collected with the initial proposal, revenues will rise up close to 2,100 million. If it is projected that the contributions grow at a rate of 2% and the interest rate is 1%, the accumulated after 10 years, in 2032, it would be up to 24,300 million, according to estimates of the pension group of the universities of Valencia and Extremadura.

According to the approach carried out yesterday, companies and unions shall share the financing effort by providing 0.4% the first and 0.2% workers. Minister Escrivá defined the proposal of him last week as a "mechanism that simply generates a safety valve and slaughters the system to reinforce his sustainability." According to the government's agenda, a week is a week to define it according to social agents or introduce it without their support in the reform of pensions. For now, at least in relation to the CEOE and CEPYME employers, win the second option.

Of course, taking into account the scale of the pension system, it is to be seen if it seems sufficient to the European Commission, which requests this reform as a guarantee of future sustainability of the system. The plan is far from its nominal goal, which is to establish an intergenerational equity mechanism (MEI) that guarantees that current financial tensions are not transferred to future generations and trust to those who today begin to quote. The income collected would be used to fill out the Pension Reserve Fund, which today as soon as it has 2,000 million euros after having been emptied to pay pensions in the last decade.

Only in 2022 pension spending will beat a new record by supposing the disbursement of 171,165 million euros, 4.8% more than this year and absorb one out of four euros of the total expenditure of the State's general budgets, they need to increase their Revenue for contributions by 9% next year, up to 136,345 million euros. This growth comes from an increase of 1.7% in the contributions, by a forecast of increase in employment of 2.7% and an average rise of the expected salary of 1.5%. However, LaCaudation that will be entered from workers and entrepreneurs reaches to finance 79% of Social Security spending for 2022.

The reception of the Scrivá proposal by companies and unions has as a common point that it is insufficient to cover the objectives that arise. The unions CCOO and UGT pointed yesterday that the freight rate is "insufficient". "The Government's proposal must be improved in terms of sufficiency, filling out more income, distribution of the additional contribution between company and working people and not predetermine the future negotiations within the social dialogue," said workers' representatives.

The employers, for their part, pointing to it pointing out the difference between the amount collected, which in 120 months would hardly raise to cover two payments, and the challenges of the system. The disproportion makes them think that, barely launched, the mechanism designed by Escrivá would require new contributions of contributions. "It's a kick forward," sums up an entrepreneur.

In fact, the document presented for security last week establishes that the MEI will last ten years as long as you do not deviate expense in pensions. If you do, Escrivá leaves for future governments the possibility of reviewing the system and correcting it from new increases in quotes or cuts in pensions or both. The reform of the pensions will have a continuity next year with new tandas of measures but, in this phase, the minister says to trust above all in his

Updated Date: 08 November 2021, 20:48

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