The Government and Brussels ratify the "extension" of the period for calculating pensions for European funds

There were many tug of war in the Toledo Pact commission, in social dialogue and within the coalition government. To such an extent that the Government considered until the last minute to send to Brussels a pension reform proposal that expressly included an increase from 25 to 35 in the number of years of contributions to calculate the benefit to be collected upon reaching retirement. This is stated in the penultimate version of the records that the Executive has sent to the European Commission, to which had access and which was distributed in the last weeks of 2020. The final version that it sent to Brussels to Europe no longer included this precision, although it did maintain the intention of extend the years of calculation.

The Government plans to increase the contribution of the highest salaries over 30 years in the pension reform

The Government plans to increase the contribution of the highest salaries over 30 years in the pension reform

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In May, the text sent to the European Commission, component 30, which defined the time frame in which it intends to increase what the highest salaries contribute progressively, during the next three decades, and the verb "adequate" is used with respect to the calculation period to calculate the retirement pension from 2023.

Component 30 of the European Recovery Plan was entitled 'Long-term sustainability of the public pension system within the framework of the Toledo Pact'. "The pension reform is aimed at ensuring the financial sustainability of the system in the short, medium and long term, maintaining purchasing power, preserving its adequacy and sufficiency in the protection against poverty, and guaranteeing intergenerational equity", it states the document, which emphasizes the willingness of the reform to gain consensus in social dialogue after reaching political agreement on the recommendations of the Toledo Pact.

A month later, already in June, that verb "to adapt" gives way to the verb "to extend". Milestone 408, called "adequacy of the computation period for calculating the retirement pension", is defined as "entry into force of the legislation relating to the adequacy of the computation period, extending the computation period for calculating the retirement pension ".

Well, in the contract known this Wednesday, the operational provisions for the evaluation of the milestones and goals that Spain has committed to for European funds, the same thing is said again, but in English, pending the translated document :

The 343-page document details how to evaluate the fulfillment of milestones and goals, that is, of each reform or project committed by the Government in its reform plan delivered to the European Commission on April 30 last and that was approved by the Community Executive.

The operational provisions, which, as Brussels said last week, "do not include any new requirements", were signed on October 4 by the Minister of Finance, María Jesús Montero, after weeks of negotiation with the European Commission because it is about of a document to be signed by the 27 countries, and Spain is the first to sign it. On the part of Brussels the signature, of this Tuesday, is of the commissioner of Finances, Paolo Gentiloni.

The ratification of the operating arrangements is the previous step to request the 10 billion euros pending in 2021, after the 9 billion euros in pre-financing arrived.

From these 10,000 million, there are another seven disbursements, divided into semesters, linked to the fulfillment of the pre-established milestones and goals.


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