The government approved the pension reform agreed with the unions today

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The Extraordinary Council of Ministers will approve it this Thursday. second phase pension reform, including increments in max base and quotesimprovements in minimum pensions and establishment of a dual model for calculating pension option to choose between the last 25 years or 29 years, in this case eliminating the two worst.

Agreed with the CCOO and UGT and rejected by the CEOE, the reform will be ratified as a Royal Decree, despite the inauguration of José Luis Escrivá, Minister of Inclusion, Social Security and Immigration. process as invoice So that different parliamentary groups at the Congress can negotiate the introduction of changes.

This Wednesday morning, the Minister signed the agreement on the implementation of this reform with the CCOO and UGT secretaries general, Unai Sordo and Pepe Álvarez, and appeared before the European Commission. Toledo Agreement to explain the contents of the afternoon.

According to the ministry’s estimates, the new pension reform will mean an increase of around 20,000 euros in future retirement for 25-year-old workers and about 5,000 euros for workers retiring in 2027.

According to the Department headed by Escrivá, Reform supported by Brussels and Unidas Podemos will mean a “significant” increase in pension, largely due to the gradual increase in overpricing set up by the Intergenerational Equity Mechanism (MEI), which will increase from 0.6% to 1.2% by 2029.

According to Escrivá, these figures contradict the calculation estimated by the old sustainability factor. In his statement yesterday, the minister said that with this last element, the employee’s pension will be reduced by 2 percent if he retires in 2027, and by 10 points if the worker is currently 25 years old.

The head of Inclusion and Social Security also announced that the reform was announced. does not require a “dramatic” increase in labor costsTherefore, competitiveness will not be lost, as the CEOE denounces in its arguments for rejecting the reform. “It’s a plan that is deployed over time, very prudent, very gradual, and will never compromise the productive structure of any company in Spain,” Escrivá said.

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