August 15, 2020

The Toledo Pact will give until 2025 to eliminate the pension deficit | Economy



Another recommendation that has generated more controversy is to determine what is a sufficient or decent pension. The wording agreed in this first draft for this is that "sufficiency acts as a guarantee of the dignity of the person referred to in Article 10 of the Constitution, ensuring the minimum level of resources established in the Additional Protocol of the Social Charter European Union ". For this purpose they propose to establish an" adequate "reference, which could be the replacement rate (percentage of the average pension on the average salary of the employed and that this is compared with the most advanced countries of the European Union, to a follow-up and in case of deviation, take action.

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