Escrivá will present in September the proposal for a new pension calculation period

The Minister of Inclusion, Social Security and Migration, José Luis Escrivá, announced this Friday that his department will present to the social agents in September, still without a specific date, a proposal regarding the calculation of the years of contributions for the new realities of the labor market, as recommended of the Pact of Toledo.

Escrivá said there are “several levers” one can work with. One of them is the extension of the calculation period beyond 25 years, though it is also suggested that, at the same time as it is extended, “a better treatment of omissions, of years not quoted, or that some years are excluded from the computation.”

“There are different combinations. 30% of people no longer have these linear careers that existed before, it went from less to more, but after the financial crisis we have more instability and there are people who have not spent their last years in their best conditions,” he explained in statements about “laSexta” collected by Europa Press .

[El gasto en pensiones alcanza en julio la cifra récord de 10.845,9 millones, un 4,6% más]

Although unions have already expressed their opposition to an increase in the calculation period, the minister assured that the social security proposal would have an “additional benefit” and hoped to reach an agreement with social workers.

As for the current pensions, Escrivá guarantees that they will be updated in November according to the average inflation as established by law, despite the increase in the CPI throughout the year. The minister recalled that insurance incomes are also increasing, with a growth of 8.5% in July of social security.

Minimum interprofessional salary

As with pensions, Escrivá indicated that the minimum interprofessional wage (SMI) would be updated, government commitment for this legislative mandate, although he recalled that this is a matter that concerns the Second Vice President and Minister of Labor, Yolanda Diaz.

Thus, he specified that the group of experts is working to determine what the average salary is in Spain and thus be able to calculate 60% of this figure, which will be the SMI for 2023. However, the minister stressed that “no figure was ever closed” and the final decision will be taken by the government after discussion with social agents.

Development of employment in August

On the other hand, he assured that the behavior of employment in August “will be very strong, very dynamic”, after recovering the momentum lost in the last two weeks of August.

His portfolio announced this week that Social Security will lose 187,000 filers on average in August, although it will add 65,000 in seasonally adjusted terms, a figure which the minister prefers to emphasize and which he considers “very good data”.

[Escrivá anticipa el peor agosto para la evolución del empleo desde 2019 con 187.000 cotizantes menos en afiliación]

“If we look at the data for August at the average of the years 2017-2019, which is a good reference because it’s been three good years for the labor market, at this time of the year when activity is known to be falling, the fall was more of 200,000 jobs so 187,000 which is temporary and seasonalit’s something that doesn’t concern us, on the contrary,” Escriva said.

The minister hopes that employment behavior will continue to be “extremely dynamic”, although he admitted that “it is very difficult to make predictions in the current context”. However, Escrivá stuck to the Spanish economy growing at 1.1% in the second quarter of 2022. the “mitigating effects” of the government’s measures.

A self-employed worker, in a file image.

A self-employed worker, in a file image.

EFE

The social security chief also wanted to remove the shadow of a possible technical recession, which the European Central Bank (ECB) recently hinted at, and explained that This is another scenario in the projections of the organism.

“Economists, when we talk about possibility, we refer to possible scenarios, but not necessarily the central one. Central banks are projecting various conditional scenarios and the situation is very uncertain. There is a possible scenario of a technical recession, which means a temporary decline in activity. This is not the central scenario,” the minister clarified.

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