The same sources pointed out that the Government has moved this information “verbally” without that mediated a previous document, which “reserves the possibility of last minute changes.”
The Economy Minister Luis de Guindos, advanced Thursday that sustainability on pensions and revaluation formula introduced by the latest pension reform, which takes into account the costs and revenues of the system “the law applies” and sets a minimum rise of 0.25% and maximum cap of CPI plus 0.50%.
This decision would stand on the expectation that the Social Security incurred a deficit of 0.3% of GDP next year, as planned in the last Stability Plan.
In addition, the Government has informed the unions that the estimated budget of the Social Security spending would be 140.933 million euros, 3.5% more than in 2015 , equivalent to 10.4% of GDP. Only entitlement spending would amount to 136.814 million euros, 3.09% more.
In addition, personnel costs amounted 1.51%, which in the view of the unions imply a rise salary of between 0.5% and 1%, after deducting personal restocking fee.
In addition, the Government has moved to unions plans to increase the maximum and minimum contribution bases in around 1% for both the General Regime workers and the self.
At this point, the unions complain that the government ignores the mandate of the Toledo Pact to move towards a leveling of bases contribution of both regimes.
They explain that the contribution bases of the autonomous hovering around 900 euros, which should experience higher than in the general scheme increase as it has in previous years.
Information Cinco Dias
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