The unions approved the pension reform proposed by José Luis Escrivá, Minister for Social Inclusion, Social Security and Immigration, but yes, after introducing new improvements in the first document. Among them is a revaluation that will affect some in the case of the province of Alicante. 89,000 minimum pensionHE They will not be below the poverty line by 2027. Employers, on the other hand, reiterated their opposition to this reform on the grounds that it would mean increased costs for companies. This Wednesday, there were no surprises, and the governing bodies of CC OO and UGT endorsed positions that had already been sensed at previous meetings. However, both centers managed to get the Government to further increase the increase in minimum pensions. Thus, starting from 2027, the minimum amount of a contributory pension for a person, over 65 years old with a dependent spouse, cannot be less than the poverty threshold calculated for a household of two adults, according to the latest INE data for 2021, when revalued by the CPI. Annual gross of 14,302 Euros. As such, the pension must exceed 1,020 euros gross in each of the 14 annual payments, compared to its current amount. 966 euros.
Improvements are also planned for retirees who do not have a spouse. The government is committed to gradually reducing the current deficit each year until it reaches this amount in 2027. These measures will benefit approximately 89,000 pensions in Alicante. 332,000 contribution margin currently in force in the province. On the other hand, the reform provides an increase in the maximum contribution bases. Currently, fees are not quoted due to their total integrity and there is a ceiling after which they are exempt from tax. Specifically, the public treasury only 4,405 Euros per monthFrom that point on, the salary stops contributing and this means cost savings for the company. The idea is to gradually raise this limit to generate higher income. Future retirees will also be able to choose between maintaining the current calculation period of 25 years for calculating their pensions, or increasing it to 29 and deducting the worst 24-month contributions.
The new reform also aims to inject more resources into the system by taxing wages in excess of 4,500 euros gross per month. both via sraising maximum contribution baseslike creating permanent ratebaptized as solidarityand this does not give rise to tax benefits for some of the higher unquoted salaries. With the agreement reached, José Luis Escrivá emphasized that “we have completed the modernization, we have gradually, prudently, measuredly strengthened the revenue of the system, and this in no way jeopardizes the productive fabric or the Spanish company”. Pepe Álvarez, general secretary of the UGT, added that “we rarely sign an agreement with the satisfaction that signing this one gives us”, adding reform in this regard. “It balances the expense with the expense, and anyone who wants to intervene in this or that issue in the future will have to explain to the citizens of this country who is taking it and who is giving up.”. On the other hand, CC OO secretary Unai Sordo emphasizes that the agreement “guarantees the viability and sustainability of pensions”. next 25 years. Giving certainties to the public is essential.” The reform announced in the Toledo Pact faced criticism from parties such as the PP, Vox or Ciudadanos and received the endorsement of the governing parties PSOE and Unidas Podemos, in addition to the ERC and EH Bildu.