As of next February 1, all builder Spain’s one retirement planher companies must realize Mandatory annual contributions. A measure aimed at making This sector is more attractiveThis means it is increasingly difficult to find labor, and in the case of Alicante this means an improvement in the conditions of the more than 38,000 workers engaged in this activity in the province.
In this way, construction becomes the first activity that initiates the so-called activity. Simplified Employment Plansa person who promotes Former Minister of Social Security, José Luis Escrivá, preferring collective pension plans over individual pension plans, as in other European countries.
HE ultimate goal is spread of such retirement savings and represents an effective complement to future public benefits; This is something that was not achieved under previous legislation that was more suitable for individual plans. So in the Alicante case, Only 13.6% of the population has signed a contract with this type of product.
It is now included in the collective agreement of the sector and all construction companies and freelancers with responsible employees will have to to contribute to its employees. “This is a way to give professionals more stability and offer more attractiveness,” says Mercedes Girón, secretary general of the Alicante Federation of Construction and Related Industries (Fecia). It is responsible for negotiating this measure at national level.
Although its definitive launch will not be until February 1, following a lengthy technical process and the selection of VidaCaixa, the organization that will be responsible for managing the fund, workers will have the following rights: contributions for all years Validity of the existing contract covering 2021 to present 2024.
Entrepreneurs will contribute for the first three years 1% of gross salary For each exercise the worker It will be 0.25% in 2024. To give an idea, according to the salary tables valid in the state, this will mean that every construction professional in Alicante will receive a salary. between 114 and 332 euros per year Extra pay in the form of a retirement plan for each of the first three years.
Businessmen now have a deadline, according to Girón Payment of 2022 and 2023 salaries by May, The year 2021 will be transferred monthly, along with the data for this year. This will undoubtedly be an additional cost for companies; but most people are happy to pay it if they can keep employees that way.
better conditions
As the president of the CC OO Habitat Federation of Alacant Nord stated, Jorge GarciaNew pension plan represents a new recovery workers’ conditions In addition, the industry has significantly Benefited from labor reform. Thus, the change in legislation led to implementation. Elimination of so-called employment and service contractsThis meant that professionals became unemployed as each job was completed and were often replaced by new, temporary permanent contracts specific to this activity, which provided greater social protection for workers.
For his own sake, because Inverco Observatory The organization, which brings together major management companies, believes that the construction will be exemplary and more sectors encouraged Creating new sectoral retirement plans. In other countries, such as the United Kingdom, schemes currently account for around 90% of all private pension schemes, as this organisation’s director of studies recalls. José Luis Manrique.
Although these percentages are specified in the agreement, Manrique states: Companies can increase contribution amountsSomething that could be quite profitable for them due to tax treatment. Thus, the money allocated to employees’ pensions is subsidized as Social Security contributions of up to 1,500 euros. In addition, when allocated to individuals with a salary of up to 27,000 Euros, a discount is made from the base of Corporate Tax and its own quota.
Companies can contribute a maximum of 8,500 euros per worker in total, and can supplement this amount with an additional 1,500 euros.