2023-05-19 00:24:21
Friday, May 19, 2023, 00:24
Delaying the retirement age is one of the measures included by the Government in the pension reform, and it has the same objective as the rest: to guarantee the sustainability of the system. The Council of Ministers approved last Tuesday a “mixed formula” to encourage retirement beyond the legal age at all times.
This new tool allows you to combine two existing measures up to now: take advantage of an extra retirement pension bonus for each year of delay and collect an amount in a single payment at the time of retirement.
Thus, those who delay their retirement from the labor market between two and 10 years will see their benefit increased by 2% for each year. In addition, they will receive compensation equal to half of what those who choose the single payment now receive.
Gonzalo Bernardos is suspicious of this measure. The economist warns: «When Social Security does these things, ladies and gentlemen who are about to retire, be suspicious. Who wins, you or Social Security? Do not doubt it, Social Security », he warned this week during his intervention in the program ‘Julia en la Onda’ on Onda Cero.
The professor of Economics at the University of Barcelona does the math. «Until now an additional 4% (to the pension) is paid for each year (retirement is delayed). For you to make up a year, you have to live 25. And the median survival age at 65 is 20 years. They have just given Social Security 5 years! »He warns.
“Take the money and run”
So, he advises, “take the money and run.” «Do not take 2% or 4%. Take the hard and cold money because who knows what happens in a few years. Because, Bernardos predicts, in the future “there will be public pensions, but I doubt that they will be as generous” as now.
“Many of the ‘baby boom’ generation are about to retire, with professional careers in which the majority are quite good, and few to contribute compared to retirees,” he highlights. Therefore, he believes that the pension reform devised by Minister José Luis Escrivá “has not improved the sustainability of Social Security, it has made it worse. Think about what is to come. And it’s not going to be good news.”
The economist does not believe, as Escrivá maintains, that more than half of the workers prefer to work a few more years once the time of retirement has arrived. “No way!” He sentenced. «That was his dream, people are crazy to retire before 65. Among my friends and family, I am the Lone Ranger (the only one who wants to work more). Everybody else wants to retire at 57, 58 or 60 years old”, he adds.
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