The Senate today debating a motion of the socialist parliamentary group in which it demands the minister of Social Security to “promote” the public pension fund to which it committed itself in the 2021 Budgets. The text, which was registered last week and which is debated this morning in the Plenary of the High camera, redoubles the pressure on Minister José Luis Escrivá and reminds him that in the 2021 General State Budgets he promised that “within a maximum period of twelve months” the Government would present a bill on public employment pension funds. Parliamentary sources show their surprise at this movement of the Socialists and assure that it highlights the significant wear and tear that the minister accumulates within his own government.
In the text of the motion, the socialist parliamentary group remarks that the Toledo Pact agreed to promote “preferentially” this type of medium and long-term savings instruments for workers. In fact, this mechanism was one of the star measures of Escriva last year. They also emphasize that, according to the PGE In 2021, Social Security undertook to launch a selection process for the management and custodial entities of this fund through an “open competitive tender” that, however, has not been called. As well as to create a control commission that would mark the investment policy of the fund and, in which, Social Security would have the right of veto. Financial sources consulted by this newspaper assure that there is still no concrete proposal on this fund and limit progress to the creation of a working group that met for the last time in July.
The slap on the wrist of the socialists to the minister comes at a very complex moment for the former president of the Airef. Escrivá faces the most difficult negotiation in order to close the necessary agreement on the first part of the pension reform, the new intergenerational equity mechanism, which threatens to explode a new battle with United We Can. This mechanism must replace the repealed sustainability factor before November 15, either with or without the agreement of the social agents. In collective bargaining, it is ensured that there is still no firm proposal on the table, so the discomfort, both among unions and among employers, is growing. According to sources at the last meeting called to discuss this matter, held on Monday, Social Security did not present the texts to which it had committed itself, which would be delaying the work.
Escrivá recognized last week in the Congress of Deputies that works in a «contingent mechanism», which will be activated only in moments of crisis that put the accounts of the system to the test. “It will be activated only if the evolution of the income and expenses of the system so requires” and only in “the years in which the system will bear more demographic pressure”, in order to “protect especially” young people. A few words that put the focus back on the generation of baby boom, whose retirement at the end of this decade will pose an unprecedented demographic challenge for the national pension system.
Neither does the minister have the ground cleared regarding the parliamentary processing of the text that the social agents and the Government agreed to in the summer. Groups that have traditionally supported the Executive in Congress they have already shown their doubts about the text and the forms of the minister, who they reproach for skipping the negotiation in Parliament and coming with closed texts exclusively with the social agents.