In three months’ time, Euskadi will have specific pension schemes for the self-employed

The Minister of Economy and Finance, Pedro Azpiazu, and the Presidents of the Chambers of Commerce of Álava, Gregorio Rojo; from Bilbao, José Ignacio Zudaire; and from Gipuzkoa, Mauricio Arregui signed this Wednesday a cooperation agreement for the implementation of a pension system expressed in an EPSV of preferential employment for the self-employed or self-employed. In principle, it is estimated that it will be put into use within about three months.

Currently, and according to Eustat data relating to the year 2022, there are 124,531 professionals in the Basque Country who could benefit from these plans.

This initiative aims to promote supplementary social security for this group, as they typically contribute to social security in general at minimum rates, thereby receiving “reduced benefits and pensions”.

Pedro Azpiazu has indicated that the aim of the initiative is to provide additional social security for these professionals that is “efficient, adjusted in management costs, with early integration of workers and with tax benefits if the collection of benefits is carried out in a manner complementary to the social Security.” Security pension, that is to say in the form of an income”.

Under this agreement, the Chambers of Commerce will promote the creation and establishment of this initiative by drawing up a regulation that will, among other things, consider the system of contributions and benefits and the maximum administrative costs to be charged to the member. will never They may exceed 0.5% of the assets associated with each plan. The agreement stipulates that pension plans can exist for any association in which self-employed persons are united.