The European pension reforms raise the retirement age and the years worked. We know the current situation of some of these countries, based on the average of these figures in each of them.
Euskaraz irakurri: Zeintzuk will say batez besteko pentsioak eta erretiro adina Europan?
Raise the retirement age either increase the number of years of contributions required for access to a pension are the main measures of the pension reforms undertaken by European countries and which, as in France, seek the sustainability of this pillar of the welfare system.
Most European countries have reformed their pension systems or are planning to do so by raising the retirement age, although with differences ranging, for example, between 67 in Germany and 64 in France.
Regarding the average pension, there are also differences by country, from the 487 euros per month from Portugal to 1509 euros from France, passing through the 833 Euros from Greece 1079 Euros from Germany 1285 euros from Italy and the almost 1300 Euro from Spain.
Average European spending on pensions represented 13.6% of GDP in 2020, according to Eurostat data, although in countries such as Greece (17.8%), Italy (17.6%), Portugal (15%) , France (15.9%), Austria (15.3%), Finland (13.9%) and Spain (14.5%) was above this average.
In these data, it must be taken into account, the unions explain, that in 2020, with the pandemic, nominal GDP fell, which would show a greater proportional weight of pension spending.
These are the main milestones of the pension reforms carried out by different European countries:
– France:
The French government has just presented a reform plan that plans to progressively raise the minimum retirement age from the current 62 years to 64 in 2030, something that is opposed by the left and the extreme right, as well as by the unions that they have been mobilizing for days.
– Spain:
Spain approved in 2021 a reform of the pension system with which it linked its revaluation to inflation and which encouraged the delay in the real retirement age, through greater penalties for early retirement and better incentives for those who continue in the labor market beyond of the legal.
– Germany:
Germany is in the process of gradually delaying the retirement age, so that in 2031 it reaches 67 years of age with 35 years of contributions.
– Italy:
With the change introduced now, the Executive will apply the “Quota 103”, which will allow you to retire from work at 62 years of age, but with 41 years of contributions, while waiting to undertake a comprehensive reform of the pension system next year.
– Portugal:
Portugal is not yet immersed in a reform of the pension system. The retirement age varies according to the evolution of life expectancy and is established at 66 years and four months for 2023 and 2024, without penalty regardless of the years of contribution.
– Greece:
The age to receive the full pension in Greece is 62 years with 40 years of contribution, or 67 with 15 years.
Source: Eitb
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
