Gobierno y sindicatos alcanzan un acuerdo para culminar la reforma del sistema público de pensiones

The Ministry of Inclusion, Social Security and Migration and the UGT and CCOO unions have today reached an agreement to complete the reform of the public pension system.

This text addresses the two pending reforms of Component 30 of the Recovery, Transformation and Resilience Plan: “Adaptation to the new professional careers of the calculation period for the calculation of the retirement pension” and “Adaptation of the maximum contribution base of the system”.

In order to protect the purchasing power of current and future pensioners, Social Security income is strengthened through various measures: the increase of the maximum bases, the creation of a solidarity quota for the part of the salary that is currently not quoted for exceeding the maximum contribution limit (it will be 1% in 2025 and will increase at a rate of 0.25 points per year until reaching 6% in 2045) and the strengthening of the Intergenerational Equity Mechanism (it goes from 0.6% to 1.2% in 2029, at a rate of a tenth increase per year).

In addition, a dual calculation period regime will be established for the next 20 years, which will apply to workers who retire the most beneficial of these possibilities: the last 29 years of career, ruling out the worst 24 months [2 years]; and the current calculation period (last 25 years). The first possibility will be progressively deployed for 12 years from 2026. This will especially benefit workers with irregular careers.

It also reinforces measures to reduce the gender gap in pensions, improving the coverage of gaps with a special focus for women and increasing the complement to the reduction of the gender gap. Likewise, students who carry out training and academic practices included in training programs are included in the Social Security system.