In an important turn for Labor market in 2024bonded workers Social SecurityAccording to November data, the total number is 21 million. They made important adjustments pay slips. This change is a direct result of the implementation. Intergenerational Equality Mechanism (MEI)A measure aimed at balancing the needs of young people and the elderly while ensuring the sustainability of the pension system.
MEI: an effort towards pension sustainability
HE Intergenerational Equality MechanismLaunched in January this year, it is a fundamental strategy to maintain the balance between different generations. This is a additional offer It is valid in all regimes where contributions are made to the retirement quota. Starting January 1, 2024, the MEI rate will increase by 0.1% to 0.7% compared to the previous year. 0.58% of this rate will be covered by companies, and 0.12% will be covered by workers. This increase will be gradual until it reaches 1.2 percent in 2029.
The financial impacts of MEI on workers are obvious. For example, with an average gross monthly salary of 2,087 euros, the monthly contribution to the fund will be around 15 euros, i.e. approximately 175 euros per year. This discount will vary depending on factors such as occupational category and income level.
Long term benefits Intergenerational Equality Mechanism
Despite the reduction in payrolls, MEI provides significant long-term benefits. Thanks to this initiative, the Social Security Reserve Fund will receive support of 3 billion 702 million euros next year. MEI not only contributes to intergenerational balance, but also strengthens the sustainability of the pension system, a crucial aspect for future economic stability.
The Intergenerational Equality Mechanism (MEI) represents an urgent challenge in terms of: decrease in workers’ incomeIts long-term goal is to provide a sound and fair retirement system. The implementation of MEI reflects a commitment to sustainability and equality, which are fundamental values in modern society.