UGT and CC OO criticize this institution asking that benefits not be revalued at the IPC this year because “it threatens the financial viability of the system”
Another slap on the wrist to the government for the pension reform passed this year. The OECD joins the request of institutions such as the European Commission and the Bank of Spain for the executive to step down this year and not increase pensions by the CPI in a scenario of skyrocketing inflation, as this leads to a social security in red figures to allocate an additional income of more than 10,000 million in wage payments in 2023. The unions were quick to attack the words of the pensions head of the rich country club, Hervé Boulhol, who defended in an interview with El Mundo that there are sufficient arguments for moving away from the law that links pensions to the average CPI since 2022 “is an exceptional year”. The main reasons were summarized in two: “attacks on financial viability and intergenerational equality”, as inflation is forecast to be around 7.5% according to the Bank of Spain, although the Executive lowers it to 6.1%. Of course it is committed to complying with the indexation law, but only for the lowest pensions, as the regulator does.
“The OECD is not painting anything in this. It’s like thinking about the assisted reproduction of kangaroos,” said CCOO Secretary General Unai Sordo, visibly angry, reiterating once again that pensions should be revalued based on prices, as well as wages, and “We don’t think about another scenario.”
Along the same lines, the leader of the UGT, Pepe Álvarez, has filed a complaint against the OECD, urging this institution to consider whether it is possible to survive with this inflation. What Álvarez has no doubt about is that “it is possible and should” to increase pensions with the CPI and among his arguments he mentioned that the collection has increased, the minimum wage has increased, wages have increased, “which makes it possible can be paid for the increase in pensions.
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.
