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El Banco de España y 8 millones de jubilados
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The Bank of Spain and 8 million pensioners
Automatically translated into English thanks to WorldLingo
The Bank of Spain? it threatens? to about 8 million pensioners

* Published by Alfonso Valencia
* 22 April, 2009
* Without Commentaries


MAFO and alfredo Sa'ez

Miguel angel fdez Ordo'ñez

As the prices have lowered remarkably, in history they for the first time have a negative growth, the Bank of Spain it raises to apply the reduction of the prices to the pensions and has sent to the Congress a document? The reform of the pensions in Spain? in that it recommends to increase the age of retirement, to raise the years to calculate the benefit and a special IPC for the group, all it as a result of which every year there are more life expectancies, that is, in main lines to fit the pensions to the evolution of the prices of form? strict? , that is to say, discounting what is necessary if the IPC finishes below the predicted thing.

It is let now in this document that maintaining the system of pensions effective in Spain, based on the distribution and intergenerational solidarity, is necessary to undertake urgent reforms. Not to do anything from these moments it would suppose a risk because the projections of Eurostat, the office of statistic of the UE, indicate that of here to year 2060 we are going to be more: 6,5 million, more older: the life expectancy of men and women will grow respectively in 7,5 and 5,7 years and with a rate of little natality (1.39 children by woman). If it is not acted, the cost in contributing pensions would arrive at 14% of the GIP in 2060 from 7.6% of 2007. Everything to face a rate of dependency that will go off 35 points, until arriving at 59.1% in 2060, eight points over the average of the UE-15 in this year.

In order to swear in these black nubarrones that are hung over that they are going to be rejoiced within 20 or 30 years, proposes some solutions:
Tags: policy, east

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