The president of the Círculo de Empresarios, Manuel Pérez-Sala.
The Circle of Entrepreneurs proposes delay retirement age to age 70, with an interval between 68 years as a minimum age and 72 years as a maximum, as stated in its document ‘An urgent reform of our pension system’. A strong incentive for those doctors who decide to extend their working life, whose average pension, which is around 2.300 euros per month, could be increased by 20 percent, approximately 460 euros more.
However, those who choose to retire at age 68 would have a pension decrease of up to 15 percent, linearly up to age 70. This results in a loss of around 345 euros per month.
In the case of nurses who choose to extend their working life to 72 years, the average would rise by 260 euros, taking into account that these professionals receive an average of 1,300 euros of pension. Those who chose to retire at age 68 would see the amount reduced by about 195 euros.
Sustainability of the pension system
The objective of this proposal is to guarantee the sustainability of the pension system that, in the opinion of the Círculo de Empresarios, is threatened by the low birth rate, the increase in life expectancy, the depletion of the Reserve Fund and a debt of Social Security equivalent to 8 percent of the Spanish Gross Domestic Product (GDP).
According to the president of the Círculo de Empresarios, Manuel Pérez-SalaThis petition calling for delayed retirement is necessary for the current benefit system. “It is not a matter of opinion, it is a matter of mathematics, technical,” he pointed out during the presentation of the document, where he stressed that the distribution system is “Absolutely unbalanced”.
Pérez-Sala considers that Spain is now facing a “magnificent” opportunity to carry out a reform of the pension system that is “cannot be postponed” and that, in addition, it is one of the demands of Brussels to receive recovery funds. However, he has remarked that the proposal establishes a range of between 68 and 72 years, so that each citizen decides when to retire “Depending on your personal circumstances”.
A proposal that, according to the president of the Public Administrations and Pensions Reform Committee, Ricardo Martinez Ricowould have an impact in the medium and long term, for which he has requested the “Greatest possible consensus” to be able to apply this type of measures.
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