April 11, 2021

The Government will take out 3,000 million from the Reserve Fund for Christmas pay

The Government will take out 3,000 million from the Reserve Fund for Christmas pay



The Government plans to take 3,000 million euros from the Social Security Reserve Fund to pay the extra Christmas pay for pensions, which will leave the so-called "pension piggy bank" at around 5,000 million euros.

This has been assured by the Minister of Labor, Magdalena Valerio, in an interview in El País, where he explained that will add to this amount the 6,300 million euros left over from the Treasury loan that the State granted to Social Security in the general budgets for 2018.

Valerio has accused the previous government of the PP of "looking the other way" during the last years in which it has pulled the Reserve Fund, which came to be endowed with 67,000 million, and has shown the difficulties it faces for " give a 'Copernican' turn to the transatlantic that is Social Security. "

It has ruled out that the Government is thinking of extending the retirement age or the calculation of years for the calculation of the pension, but has been in favor of reviewing the benefits paid under the Social Security, and has pointed out that the of paternity and motherhood "have to do with state policy."

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