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In 2010 the average pension was 906 euros per month. Contributory retirement pensions in Spain are the second highest (as % of final salary) in Europe after Greece and amount to approximately 81% of final salary levels. [5] While the social security system collected 80Bn€ in contributions in 2010 it paid out 82 Bn€ in pensions.
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.
Spain: 65 (and 3 months) 65 (and 3 months) 2015 The age will be 67 by 2027. [2] See also: Pensions in Spain. [1] [3] Sweden: 66 66 2020, options age 62–68. By 2026 it will be 67, with options age 64-69. Switzerland: 65 64 2022 [24] [25] [26] Ukraine: 60 60 2022 United Kingdom: 66 66 2021 The retirement age is due to be increased to 67 by 2028 ...
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 2010 General Strike in Spain was a general strike called for Wednesday, 29 September 2010 in Spain by the two main Spanish trade union centrals—Comisiones Obreras and Unión General de Trabajadores—against the labor reform of 2010, promoted by the government of José Luis Rodríguez Zapatero and approved in the Congress of Deputies on 9 September 2010, entering into force on 19 ...
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 ...
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Mandatory occupational pension provision: Voluntary private collective pension provision; Voluntary private individual pension provision Georgia: Basic pension: N/A: N/A: N/A Germany: Social assistance: Social insurance system: Voluntary occupational pension insurance: Private pension schemes Hong Kong: Basic pension: Provident fund system: N/A ...