Spain Archives - Pension Policy International

01AprApril 1, 2025

Spanish pension system’s sustainability ‘not improved’ after reforms say Airef

The Independent Authority for Fiscal Responsibility (Airef) has criticized the methods used by Social Security to balance its calculations and has warned about the lack of sustainability of pensions, which ‘has not improved after the reforms,’ pointed out Airef President Cristina Herrero, who noted that ‘the dynamics of pensions are now worse than before’ the reforms promoted by former Social Security Minister José Luis Escrivá, which included revaluation with inflation and an increase in contributions. The agency warns that sustainability...

April 1, 2025

News, SliderSpain, System sustainability

23DecDecember 23, 2024

Spain To Boost Pensions Significantly By 2025

Major reforms announced to address inflation and support vulnerable pensioners. Starting January 1, 2025, Spain will implement significant pension reforms ushering both structural changes and substantial increases aimed at enhancing the financial well-being of pensioners. These reforms are framed within the government's broader strategy to address economic inequalities and inflationary pressures affecting vulnerable populations.The Ministry of Inclusion, Social Security and Migration, led by Elma Saiz, confirmed the increments will affect both contributory and non-contributory pensions, marking one of the most...

December 23, 2024

News, Slider, UncategorizedAdequacy, Income, Spain

18DecDecember 18, 2024

How the place where people live influences aging in Spain

As the population ages and grows in our cities, the question arises of whether this environment is truly a suitable space for older people to live fully, with health, comfort, and quality of life. Although cities offer access to medical services, social activities, and amenities that are often lacking in rural areas, they also present barriers that limit the quality of life. Are our streets and services really adapted to their needs? Are we making enough progress? Are rural...

December 18, 2024

News, SliderAging, Spain

22NovNovember 22, 2024

Universalizing the Access to Long-Term Care: Evidence from Spain

By Joan Costa-i-Font, Sergi Jiménez-Martín, Cristina Vilaplana Prieto & Analía Viola Spain together with Scotland are two countries that exhibit the largest expansions in long term care (LTC) in the last two decades, universalizing subsidies and supports. This paper is part of a global effort to provide a snapshot of the trends in LTC use and access, as well as the financing, and organization of the LTC system compared to other higher-income countries. The passage of Act 39/2006 on the Promotion of Personal Autonomy...

November 22, 2024

Aging, Articles2024, Aging, Gender Gap, Healthcare, Spain

18SepSeptember 18, 2024

Key Elements of the Pension Reform Agreement Signed Today by Spanish Government and Unions

The keys to the pension reform agreement are being finalized today, September 18, 2024. Spanish Prime Minister Pedro Sánchez will join union leaders to mark this important event. The reform aims to improve retirement conditions for workers, especially those in tough jobs. Key Takeaways Pedro Sánchez to sign pension reform agreement. Early retirement options for hard professions. Partial retirement regulations improved for workers. Lower retirement age for specific job conditions. Enhanced conditions for fixed-discontinuous workers. Mútues to collaborate on temporary...

September 18, 2024

NewsPension Reform, Spain

25JunJune 25, 2024

Spain Goes Into Debt To Fill The Pension Pot

Can you imagine taking out a loan to open a bank deposit? Well, that is what Spain is doing to fill the pension fund with 7 billion. Last year, the pension system needed to borrow 50 billion from the state to meet pension payments. This 50 billion shortfall is exactly 3.6% of GDP. And it is exactly the figure for the Spanish public deficit in 2023. But that is no obstacle for the Government to have decided to endow the...

June 25, 2024

NewsFunding, Public spending, Spain

01DecDecember 1, 2023

The health status of the retirement-age population: a first approach

By Laura Crespo & Juan F. Jimeno Rationale The health of the population aged 55 to 69 influences their labour supply and retirement decisions. This article aims to document their health status, in Spain and in other European countries, drawing on data from the Survey on Health, Ageing and Retirement in Europe (SHARE). Takeaways •There are marked differences by gender in the health status of the Spanish population aged 65 to 69. Among women, 62.9% report chronic health problems, 30.1% mobility limitations and 32.1%...

December 1, 2023

Articles, System Characterization2023, Aging, Health, Spain

08JunJune 8, 2023

Pension reform could impact employment and wages warns Bank of Spain

The Bank of Spain has warned the government that the new pension regulation could have a negative impact on employment, wages and the competitiveness of companies. This, it said, is due to the triple increase in contributions that the regulation imposes and that will particularly affect workers with higher salaries, who will be penalised in three ways, while the rest of the workers will only be affected by the increase in contributions that the new intergenerational equity mechanism entails. According...

June 8, 2023

NewsPension Reform, Spain

09MayMay 9, 2023

Impact of Spain’s Aging Population: Demographic Shift’s Effect on Major Sectors

Spain is a beautiful country known for its vibrant culture, stunning landscapes, and delicious cuisine. However, behind this facade lies a looming issue that threatens to shake the very foundation of Spanish society: an aging population. This demographic shift is having a profound impact on the country’s economy, social services, and overall way of life. This trend is expected to continue in the coming years, with the proportion of seniors projected to rise to 25% by 2050. As per the...

May 9, 2023

NewsAging, Spain

30MarMarch 30, 2023

Pension Spending Soars 10% To €12 Billion In March As Spain Takes On €6 Billion A Month In Debt

Social Security paid out €11,945.6 million in contributory pensions in February, 3 billion more than the 8,946.9 million in March 2018, a few months before Pedro Sánchez came to government. The average monthly retirement pension shot up from the €1,260 it stood at in December 2022 to €1,372 per month, up 9.7%. And since there were no differences by amount bracket, the maximum pension exceeded €3,000 per month for the first time. The average amount of new pension registrations in...

March 30, 2023

NewsPublic Pensions, Spain

April 2025

Spanish pension system’s sustainability ‘not improved’ after reforms say Airef

December 2024

Spain To Boost Pensions Significantly By 2025

How the place where people live influences aging in Spain

November 2024

Universalizing the Access to Long-Term Care: Evidence from Spain

September 2024

Key Elements of the Pension Reform Agreement Signed Today by Spanish Government and Unions

June 2024

Spain Goes Into Debt To Fill The Pension Pot

December 2023

The health status of the retirement-age population: a first approach

June 2023

Pension reform could impact employment and wages warns Bank of Spain

May 2023

Impact of Spain’s Aging Population: Demographic Shift’s Effect on Major Sectors

March 2023

Pension Spending Soars 10% To €12 Billion In March As Spain Takes On €6 Billion A Month In Debt