Montero affirms that not raising the maximum pensions would "detach" from the public system to high incomes

MADRID, 14 Oct. (EUROPA PRESS) -

The Minister of Finance and Public Function, María Jesús Montero, stated this Friday that sending the message that maximum pensions will not be revalued would cause workers with high salaries to "detach" from the public system and go to the private one, which in turn, it would "jeopardize" the sustainability of Social Security.

Montero, in statements to TVE collected by Europa Press, has insisted that the Toledo Pact and the law that was agreed with the social agents "will be fulfilled" and, therefore, pensions, including the maximum, will be revalue by 2023 in the environment of average year-on-year inflation for November, which will be around 8.5%.

In any case, Montero has recalled that, despite the rise that they will experience next year, the maximum pension is capped, so that, no matter how much they could rise, they could not exceed the established limit.

This year, the maximum limit for all public pensions (retirement, widowhood, permanent disability, orphanhood and in favor of relatives) is 2,820 euros per month (39,469 euros per year).