
“There is no magic number for the sustainability of the pension system. It is normal for doubts to arise”
- Olivia Martinez
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The Minister of Inclusion, Social Security and Migrations, Elma Saizhe has defended that There is no “magic number of sustainability for the pension system” and has asked to avoid alarmism due to the government’s request to the Independent Authority of Fiscal Responsibility (Airef) of a Additional report About system health Before June 1, 2026 Instead of waiting for another three years, until 2028.
“It is understandable that doubts arisebut what we want is to have an updated image about the sustainability of the system, “Saiz explained during his appearance in the monitoring and evaluation commission of the Toledo Pact agreements.
In its first report on the situation of the system after its reform in 2021, the Airef confirmed compliance with the hair of the expense rule, but warned that system sustainability has not improved and considered that This spending rule “cannot be considered an adequate indicator and the supervision and independence of the fiscal authority.
In his report, the Fiscal Supervisor found that the forecasts of the European Commission, updated with the data observed in 2022 and 2023, place pension spending on 14.6%between 2022 and 2050, taking into account the new data of the aging report (the spending stop is 15%), and estimates that the income measures amounts to 1.4% Ending in net pensions of income measures of 13.2% (13.3% is the top to activate additional increases In the quotes via intergenerational equity mechanism, mei), once the State transfers to pay pensions are taken into account.
Given the criticisms of the Airef, the government introduced a modification in Royal Decree 100/25 to request an Airf a report within one year -without having to wait for the planned triennial evaluation.
Saiz has described as “prudent” the estimates of the airf and has stated that there are “technical differences” of the Ministry with the airf, which “does not take into account the impact of the quality of employment, due to the greater growth of this in sectors of high added value, the reduction of temporality and the increase in the duration of work contracts.” “We hope you take it into account,” he said.
Regarding transfers, SAIZ has defended that the Royal Decree indicated in February to Airef that state transfers should be taken into account as income from the public pension system “It is not an interference” in the Independence of the supervisor. The Airef acknowledged that “partly” paid attention to these recommendations, since it considers that these transfers are income of the Social Security system (within which are pensions) not specifically the public pension system.