That is, index applies revaluation included in the Last renovated. Thus, it will be the third consecutive year that pensions up to that amount.
This has been indicated to Europa Press union sources after, post held Wednesday at the Inmserso and which will be meeting in the General Council of the National Institute of Social Security (INSS) expected out this afternoon at the Public Employment Service (SEPE), before the Cabinet approves the draft Law on State Budget (PGE) for next year.
The same sources pointed out that the Government has taken this information “verbally”, without having mediated a previous document, which “is reserved 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 law will be” the income and expenditure system and establishes a minimum increase of 0.25% and a ceiling 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. As entitlement spending would amount to 136.814 million euros, 3.09% more.
In addition, personnel costs totaled 1.51%, which in the view of the unions imply a wage increase of between 0.5% and 1%, once discounted rate replacement staff.
In addition, the Government has moved to the unions that plans to increase the maximum and minimum contribution bases 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 moving towards an equalization of contribution bases 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.
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