Tuesday, September 30, 2014

Pensions will rise in 2015 low of 0.25% – The New Spain

Pensions will rise in 2015 low of 0.25% – The New Spain

Contributory pensions will rise by 0.25% in 2015, the minimum set by the last reform of the government, according to the draft Law of State Budget (PGE) for next year, which was presented Tuesday at the Congress of Deputies.

This appreciation, in line with last year, and taking into account the forecast increase in the number of pensioners and the variation of the average pension, the Government provides for expenditure of contributory benefits of 115,669.23 million euros, 3.2 % more.

Adding contributory and non-contributory benefits and passive classes to allocate spending for Social Security will be 131,658.93 million euros, representing an increase of 3.3% over 2014 .

So, in the non-contributory level, The credit for the year 2015 for old-age pensions and disability amounted to 2242.59 million, excluding the Country Basque and Navarra. This spending 0.25% appreciation is also included.

Lower the contribution to minimum pension supplement

The contribution of the state to finance additions minimum pension will be 7,563 million euros, including management fees, down 0.9%.

In the Passive Class System of the State in which the pensions of officials are integrated, the planned expenditure is 121.970 million euros, 4.7% more than the initial budget of 2014.

earners Aids Welfare Fund (FAS) who have chosen not to join non-contributory pensions, has budgeted an amount of 10.89 million euros.

Under the heading Pension War pensions and allowances those who have incorporated their origin in the Civil War. For the year 2015, appropriations for this heading amounted to 214.89 million euros.

The biggest expense in retirement

By type pension, the pension expense are most assume, with 80816.3 million euros, followed by widowhood (20776.6 million), disability (12028000), the orphan (1762.6 million) and those for family members (285,400,000).

In addition, the allocation in the Budget 2015 situations protect maternity, paternity, risk during pregnancy and risks during breastfeeding fell by 3.7% to 2098.2 million.

Also, will go a total of 4942.7 million , up 1.3%, for the payment of allowances for temporary disability benefits granted by the Social Security through managing bodies or sick leave by mutual derived from common diseases or professionals, not labor or accidents.

The Government states that in recent years there has been a marked decrease in spending on this benefit , but that next year an increase of expenditure is estimated consistent with the evolution provided employment.

In addition, for the next year is a credit to the expected cost of benefits for cessation of activity of the self in the amount of 11 million euros.

entitlement spending falls wage guarantee

Finally, the program Benefits Wage Guarantee includes pay to the workers of both the unpaid wages due to insolvency suspension of payments, bankruptcy or insolvency proceedings of employees, as of the compensation fixed by a judgment or administrative decision in favor of those grounds for dismissal or termination of contract.

The budget for 2015 allocated to these activities totaled 1,064 million euros, 22.7% less, of which 1036.5 million related to the payment of benefits under the Wage Guarantee Fund (Fogasa).

LikeTweet

No comments:

Post a Comment