Each pensioner receives an average of 44% more than what is quoted during his working life, however the perception of four out of ten retirees is that this amount is less than what he contributed when he worked, according to the "VI Retirement Survey" of the BBVA Pension Institute.
The member of the Forum of Experts of the Institute BBVA of Pensions, Elisa Chuliá, explained during the presentation of the survey that three years of contributions financed approximately one year of pension, so that a working life of 40 years covers 12 years of pension.
"It would be useful for the population to know that they are receiving more than they contributed," he stressed. The survey reveals that three out of four people did not know the amount of their pension until six months before retirement, a fact that, according to Chuliá, shows the trust in the system and, to a lesser extent, the lack of financial education.
In fact, four out of every ten pensioners consider that their pension is adequate, although the satisfaction with the system is much greater for people receiving a retirement pension than for those who have other types, such as disability, widowhood or the non-contributory
Confidence in the system decreases when future prospects are addressed pensioners, since 64% of respondents believe they are not guaranteed and 28% think they are, but believe that they will be lower.
Of the 3,000 interviews conducted with people over 59 years old, the "very majority" opinion that pensions should be revalued annually to guarantee the purchasing power of the elderly is inferred, although this does not imply that they think they are "not worthy", Chuliá has pointed out.
Less than 1,500 euros per month
The director of the BBVA Pensions Institute, Luis Vadillo, stressed that by asking the respondents the possibility of reducing the amount of the retirement pension by 10% to guarantee the pensions of the youngest, 60% said no, despite expressing concern about the pensions of the next generations.
According to the survey,l 48% of retirees have less than 1,500 euros per month to cope with household expenses and 37% have financially helped a member of their family, mainly a child, with an average of 1,000 euros.
From the Institute BBVA they have emphasized that, although there are parts of the population that have low incomes, in general the image that the survey returns is a population with an economic capacity to cover the main expenses.
In relation to savings, 46% of respondents began to book income before retiring mainly through pension plans, deposits or savings accounts and housing.
92% of respondents have at least one home owned by more than half would put it for sale or rent "if they needed the money to live."
Among the main reasons for saving are reserves for contingencies or emergencies and funds to hire aid if they can not stand on their own.