Scores a clear fail in this matter, dropping four places in the Mercer world ranking: from 22 to 26 out of 44 systems analyzed
The sustainability of Spain’s pension system remains at stake, despite the recent pension reform approved by the government late last year and pending the approval of the second phase by the end of 2022. But much remains to be improved as Spain moves towards the world leads the way in countries with less sustainable pension systems, according to the global pension index that the consultancy Mercer compiles every year and is based on more than 50 indicators.
In addition, he gets a clear fail on such a fundamental issue as balancing social security accounts, which will remain in the red next year, and only gets 28.7 points out of a possible 100. Only three of the 44 countries analyzed are worse. positioned: Austria (22.7), Italy (23.1) and Brazil (27.8).
However, it should be noted that this index has improved slightly in Spain over the past year, from 28.1 in 2021 to the current 28.7, according to the report, which in any case highlights that “the main challenge is the sustainability of the public system in the medium and long term”.
Similarly, Spain improves its score in the global global ranking, in which it includes adequacy and integrity in addition to the sustainability sub-index, and goes from pass to fail: this year it achieves 61.8 points compared to last year’s 58.6. year. However, most countries also surpass their previous results, with Spain dropping four places and now occupying position 26, i.e. below center.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
