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The social security system (Spanish: seguridad social) in Spain is its principal system of social protection.The concept of social security first appeared in Spain in 1883 under the Committee for Social Reform, it was expanded several times during the twentieth century and finally the right to social security was enshrined in the Spanish Constitution of 1978 under Article 41 which states "that ...
The Labour and Social Security Inspectorate (ITSS) is a Spanish autonomous agency in charge of the control of the compliance with labour and social security legislation. It also offers technical advice and, where appropriate, conciliation , mediation and arbitration in these matters. [ 2 ]
The Social Security Reserve Fund was created in 2000 with the aim of investing current Social Security surpluses in order to finance future State Pension Scheme shortfalls. It was created as one of the recommendations of the tri-partite Toledo Pact of 1995 between government, employers and trade unions. [ 8 ]
In the X Legislature, from December 22, 2011, the Ministry is renamed Employment and Social Security, while retaining the same competencies. In the middle of the 12th Cortes Generales, the biggest opposition party, the Spanish Socialist Workers' Party , presented and won a vote of no confidence against the second government of Mariano Rajoy .
The Ministry of Inclusion, Social Security and Migration is a department of the government of Spain responsible for planning and carrying out the government policy on Social Security, foreigners, immigration and emigration.
The Institute for the Elderly and Social Services (IMSERSO) is an agency of the Government of Spain responsible for the management of social services that complement the benefits of the Social Security System, disability and retirement pensions, in its non-contributory modalities, as well as the exercise of the powers of the General State Administration in matters relating the elderly and ...
They are part of social security system in Spain and are managed by the State Public Employment Service (SEPE). Employers and employees contribute to the unemployment contingency fund and if an unemployed person fulfills certain criteria they can claim an allowance which is based on the time they have contributed and their average wage.
The establishment of the Social Security Reserve Fund was part of the 1994 Toledo Pact agreement between government, employers and unions. Under the agreement the surpluses of the social security system were to be paid into the reserve fund with the aim of security pension payments in the future when demographics bring the pensions system into deficit.