US EditionPension Overhaul May Delay Retirement for Thousands in Spain
5 Articles
5 Articles
Pension overhaul may delay retirement for thousands in Spain
The OCDE (Organisation for Economic Co-operation and Development) has urged Spain to adapt its pension system to rising life expectancy, proposing that benefits be linked more closely to longevity and recommending an extension of the reference period used to calculate pensions. Specifically, the organisation suggests increasing the number of years taken into account when calculating pension… Source
The OECD has published this Wednesday the multi-annual report in which, from time to time, it pulls the ears of the Spanish government. The previous time this document was presented was in 2023. On this occasion, the main reproaches are aimed at the lack of measures to address the cost of the aging population, which happens to reform pensions or facilitate the simplified regularization of immigrants.Continue reading...
The Spanish economy has shown a "resilient and constant growth in recent years, surpassing its European counterparts", but the "tax consolidation and structural reforms are fundamental" for this growth to be sustainable in the medium term. This is what the Organisation for Economic Cooperation and Development (OECD) says in its biennial report on Spain, published on Wednesday and that its secretary general, Mathias Cormann, has presented in Madr…
The agency considers that the latest pension reform will not be enough to pay for the ageing population and urges to reduce the tax burden on work and raise VAT and green taxes. Read
Most Spaniards spend much of their lives working with the objective of saving for retirement and that, once the end of their work path arrives, they can enjoy greater peace of mind. However, once that time has come, it is common for there to be a lot of doubts about it, and one of them is to know how to manage that money so as not to have to deal with economic problems. This matter is of great importance, especially for all those who receive a p…
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