The retirement system will have to change and we will have to combine working with receiving pensions: the warning of a prestigious economist

2023-10-25 13:38:46

Economist José Ignacio Conde-Ruiz, professor at Complutense University and deputy director of the Fundación d’Estudis d’Economia Aplicada (FEDEA) explains what Spain’s situation will be like in a few years:

“We will be one of the oldest countries on the planet because we combine the best and the worst of other countries: we have one of the highest life expectancies and one of the lowest fertility rates in the world.”

So, with this data, it is most likely that there will have to be some change towards pensions, since they will be unsustainable if life expectancy is high and the birth rate is so low.

The average retirement pension in Girona is almost 150 euros lower than in Catalonia

After making several projections regarding this problem, it has been calculated that, in 2068 there will be more than 15.5 million retirees, over 65 and only a few 25 million people of working age (working age – between 24 and 65).

“Jobs that are very hard physically must have much more generous exits”

José Ignacio Conde-Ruiz to the program ‘La Roca’ on La Sexta

Thereforeit is necessary to make a change in our pension system because the reality that is approaching is another and cannot be sustainable, if reforms are not implemented. According to José Ignacio Conde-Ruiz, retirement will have to change:

“Retirement will have to be done gradually, flexibly and making it compatible with work.” In this way, the pensioner will be allowed to “combine his salary with his pension”.

Pensioners will have to combine work with the pension freepik

These statements are complemented by the fact that, must be taken into account Health from each person, the work he has done or is developing and the profession he is engaged in. From here you can decide which option will be the most reasonable: continue to work and collect a pension or, retire directly.

And finally, the economist considers very important do not touch the pensions of current pensioners and consider the entire working life to calculate the pension.

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