Cs asks the Government about the economic impact of the Intergenerational Equity Mechanism of pensions

MADRID, 14 Ago. (EUROPA PRESS) -

Ciudadanos has presented to the Table of the Congress of Deputies a parliamentary initiative to ask the Government if it has prepared an economic impact report on the Intergenerational Equity Mechanism (MEI) of the public pension system.

The initiative, promoted by the deputy María Muñoz and collected by Europa Press, updates the one presented a year ago for the same reason, although the MEI had not yet been agreed upon at the time. The Government then replied that it would be established "after negotiation within the framework of social dialogue" and that at the moment "the corresponding studies and reports" were being carried out.

In the statement of reasons for the new parliamentary initiative, Ciudadanos points out that it was "an implausible response in all its extremes" and questions that the MEI was negotiated "without even an approximate estimate of what each of the proposed models.

Ciudadanos also criticizes the fact that the MEI was introduced in the pension system reform bill "in a totally inappropriate manner and with absolute disdain for parliamentary work."

With its approval and entry into force in December 2021, as the Ciudadanos text recalls, Muñoz has once again asked the Government if it has prepared any economic report or economic impact study on the MEI and if it has finished the documents that it was preparing in July of last year.

The deputy has also sued the Executive if it is going to make the aforementioned studies and reports public.

The Government, UGT and CC.CO. reached an agreement in November 2021 to replace the Sustainability Factor of the 2013 pension reform with the MEI. The pact was rejected by the Spanish Confederation of Business Organizations (CEOE).

The Minister of Inclusion, Social Security and Migration, José Luis Escrivá, explained that month in the Toledo Pact Commission that the MEI, which will begin to be applied in 2023, will be a temporary, contingent, sequential, flexible and balanced mechanism. In addition, it has been designed following the recommendations of the Toledo Pact on Youth and Social Security (14), Reserve Fund (3) and Parliamentary Control, monitoring, evaluation and reform (21).

The MEI hopes to respond to the pensions of the 'baby boomers', one of the most populous cohorts. To do this, social contributions will be increased by 0.6 points, and will be divided into 0.5 points for companies and 0.1 points for workers over a period of ten years, with the intention of accumulating 40,000 million euros in a decade.

This tool will be a "safety valve that will only be activated if pension spending grows above forecast." For the minister, it is "essential that the reactivation of the Reserve Fund be linked to this elimination of improper Social Security expenses" and that from 2032 it undergoes "quarterly evaluations."