Minister Escrivá closes an agreement with the EU on the pension reform

Minister Escrivá closes an agreement with the EU on the pension reform

Minister Escrivá closes an agreement with the EU on the pension reform

For this reason, the Minister of Inclusion, Social Security and Migrations has convened the negotiation table with unions and employers for this Friday.

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Euskaraz irakurri: Escriva ministerak akordioa itxi du EBrekin pentsioen erreformaren inguruan

The Minister of Inclusion, Social Security and Migrations, Jose Luis Escrivahas advanced this Thursday that “practically” it has already reached an agreement with the European Commission on the elements that will make up the second leg of the pension reform.

During his speech at the III Finance Observatory organized by The Spanish and Invertia, Escrivá has indicated that, for this reason, it has convened the negotiation table with unions and employers for this Friday.

Escrivá recalled that this reform must be completed in this first semester because it is associated with the fourth disbursement to Spain of the european funds.

“I cannot anticipate the elements (of the reform) because the social agents have to know it first, but basically it is the closure of the system, of the complete sustainability of the system”, the minister assured.

Escrivá pointed out that what he will propose this Friday to the social agents “is a scheme alternative, sustainable, reasonable and crediblewith the endorsement of powerful independent institutions”, so that the system is sustainable and at the same time maintains the purchasing power of pensions.

About the period of pension calculationa subject that recognizes that it has generated “enough friction”, the minister has reiterated that the idea is that it contemplates that current labor careers are less linear than before and much more volatile.

The minister has described the 2013 reform made by the PP government as an “aberration” and has recalled that the Executive of Pedro Sánchez repealed it and replaced the so-called sustainability factor with the Intergenerational Equity Mechanism (MEI)which “this Friday will be fully discussed” at the negotiating table with the social partners.

Escrivá has highlighted that Social Security income is growing at a rate of 8.5% (excluding the new MEI contribution), employment is rising at 4% and wages are growing above 3%.

Source: Eitb

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