The cabinet led by the Minister of Inclusion, Social Security and Migration, José Luis Escrivá, will still have an option to include the improvements demanded by the experts to the public pension fund bill that must be presented to Brussels before the end of June .
With the deadline for amendments ending on March 30, the political parties have already delivered their recommendations for improvement to the Executive for the approval of the law. The articles of amendments to which ABC has had access include a list of technical improvements, among which the PP seeks, on the one hand, to reverse the cut in tax relief in personal income tax for contributions to private pension plans -the Executive has reduced in two years from 8,000 to 1,500 euros the maximum deductible- and equate the maximum deduction limit in employment plans for the self-employed to that of wage earners -the bill leaves the maximum for self-employed at 4,250 euros and up to 8,500 euros for wage earners-.
"We have made constructive proposals in collaboration with the associations to enrich the public pension fund bill," says the PP deputy in Congress and party spokesman on the Toledo Pact commission, Tomás Cabezón, assuring that his formation he has his hand outstretched to improve the text. "We hope that the Government is more open to negotiating than in previous phases of the reform," says the representative of the popular.
Income tax exemption up to 5,000 euros
Amendments number 9 and 13 presented by the PP include, on the one hand, the proposal to increase from 1,500 to 5,000 euros the maximum to be deducted in personal income tax for contributions to private pension plans, of the individual system. "Taking into account the current level of development of employment systems in Spain, it is essential that the maximum reduction limit for contributions to individual social security systems be raised," says Cabezón.
In addition, they point out from the main opposition party that "it makes no sense" that, if the effective development of pillar II of the pension system is sought, the incentives in the case of the self-employed who are the ones who most resort to social security are limited. complementary social (pillar III).
In this sense, the PP proposal warns that otherwise, and until the employment social security systems are fully developed, for several financial years citizens will lose the possibility of channeling their savings for retirement through an instrument of adequate social provision.
Compare self-employed and salaried
On the other hand, the text of the amendment to which ABC has had access points out that "not allowing self-employed workers to make contributions of up to 10,000 euros (8,500 plus 1,500 euros) to simplified employment pension plans, in order to achieve equalization with the treatment of employed workers, not only is it discriminatory, but it is contrary to the recommendations of the Toledo Pact, which clearly establish that progress must be made in equalizing the rights and obligations of self-employed and salaried workers ».
With this proposal, the possibility for self-employed or self-employed workers to make contributions to employment plans of up to 10,000 euros per year (1,500 euros of general limit plus 8,500 euros of increased limit) would be effective from the moment of approval of this Law, eliminating the worst treatment for the self-employed.
Technify control bodies
The proposal for modifications of a technical nature transferred by way of amendments to the Executive also includes modifications for the control bodies of the plans, mainly those that will decide on the destination of the investments in the so-called Special Control Commission of pension funds of public promotion employment.
It is thus proposed that this body be made up of thirteen members appointed by the Promotion and Monitoring Commission. Of these, two will be proposed by the most representative trade union organizations, two by the most representative business organizations, one by the Bank of Spain, one by the National Securities Market Commission, one by the General Directorate of Insurance and Pension Funds, one by the Secretary General of the Treasury, one by the Accounting and Auditing Institute, one by the Institute of Spanish Actuaries and three by the Ministry of Inclusion, Social Security and Migration.
In this sense, the weight of businessmen, unions and Administration in these commissions is reduced to accommodate members of representatives of the entities that make up the Macroprudential Authority Financial Stability Council (AMCESFI) and collaborators.
Relieve corset to inversions
Another of the points that had generated the most controversy in the employers' association was the corset that applied the regulations of the public fund to the investment policy of the savings deposited by the workers. In this sense, the PP advocates eliminating the precept that requires the establishment and approval of a common investment strategy framework that will have a stable and long-term nature, which must be reviewed at least every three years.
They recall in this regard that the investment strategies of an employment pension plan must be defined within the scope of the control commissions of each of the plans, based on the legitimate interests of the workers for whose benefit they are carried out. Therefore, these strategies must be aimed at achieving the proposed goals and, therefore, the representations of both the promoter (companies) and potential participants (individuals) must be determined within the scope of these commissions of which they are part workers).
Include civil servant associations
The PP proposes in this point that the consideration of simplified employment pension plans be extended to those that are constituted or promoted by pension plans promoted by the professional associations of public employees whose participants are their associates.