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The 'pension piggy bank' will close this year with 9,000 million euros due to contributions from the MEI

MADRID, 31 Ene.

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The 'pension piggy bank' will close this year with 9,000 million euros due to contributions from the MEI

MADRID, 31 Ene. (EUROPA PRESS) -

The Minister of Inclusion, Social Security and Migration, Elma Saiz, has announced that the Reserve Fund, known as the 'pension piggy bank', will reach 9,000 million euros this year thanks to contributions from the Intergenerational Equity Mechanism (MEI). ).

The figure would represent an increase of close to 4,000 million euros, since the 2023 financial year closed with more than 5,300 million. Likewise, the Government wants this 'piggy bank' to reach 25,000 million euros at the end of the legislature.

"We also continue to make progress in strengthening the Reserve Fund, which is the clearest expression of the strength of the system and that gives confidence and certainty to citizens," Saiz stressed during his appearance in Congress to explain the general lines of his department. .

Along these lines, and taking into account the retirement of the 'baby boom' generation, the minister has stressed that the Reserve Fund can be "important help" to resolve temporary imbalances between Social Security income and expenses.

Regarding the Intergenerational Equity Mechanism, the minister recalled that it is a contribution of 0.7 percentage points of the contribution for common contingencies, distributed between the company and the worker. It will grow by one tenth each year, until reaching 1.2 percentage points in 2029, with the aim of strengthening the system's income.