Economy

Sweden, Germany and Chile give a lesson to Spain in the sustainability of the pension system and warn: "The current model is unsustainable without profound structural changes"

Sweden, Germany and Chile give a lesson to Spain in the sustainability of the pension system and warn: "The current model is unsustainable without profound structural changes"

Spain’s public pension system has faced major reforms (Law 27/2011, Law 21/2021 or Royal Decree 2/2023) with the aim of creating and guaranteeing the public Social Security pension system. But, while looking for how to protect the purchasing power of retirees by increasing contributions and budget transfers, a comparative analysis ...

Alfonso Muñoz, Social Security official: “it causes a cut in the pension of up to 400 euros and we have no evidence that transitional provision 34 has been restored”

Alfonso Muñoz, Social Security official: “it causes a cut in the pension of up to 400 euros and we have no evidence that transitional provision 34 has been restored”

From January 1, 2026, workers who access voluntary early retirement and whose resulting pension is higher than the maximum pension They suffer an additional cut that in some cases can reach up to 400 euros per month. To avoid this strong “penalty”, the Government introduced Transitional Provision 34 of the ...