Updated Thursday, 30 September 2021 – 12:10
The minister relaunches the “intergenerational equity mechanism” but as a “contingent and secondary” instrument
Escriv, during the government control session held this Wednesday Juan Carlos HidalgoEFE
The Minister of Inclusion, Social Security and Migration, Jos Luis Escriv, defends accompanying the bill for the revaluation of pensions with “a final adjustment mechanism” that ensures its sustainability in case in the future it is necessary to balance the accounts.
It is the new so-called “intergenerational equity mechanism” and will be the substitute for the reviled “sustainability factor” of the 2013 pension reform and, unlike that, Escriv has assured that it will be “contingent and secondary”. That is, it will only be applied if necessary because the pension system evolves into a new hole. The minister has not given details of how it will be designed, but has confirmed his inclusion in the reform during a tense debate on his bill. Escriv has reproached the PP deputy, Toms Cabezn, for presenting an amendment to the totality that requires the return of the project, because, in his opinion, “the agreement with the social agents and the recommendations of the Toledo Pact” are skipped. .
Cabezn has reproached him for attacking the 2013 reform and then introducing a substitute for the “sustainability fact” and Escriv has replied that his reform ensures the revaluation of pensions with the CPI and that that of the PP “supposes a cut of 40% of the pensions”.
Escriv assures that he has “approval” from Brussels for his project and for the introduction of this adjustment mechanism as a security tool.
He has accused the PP of putting the pension reform at risk “irresponsibly” and with it being able to damage the recovery plan committed to Brussels and “all its financing and transformation capacity”. Escriv has attributed to the PP “short-term partisan motivations”, has warned that from the European instances “it will be misunderstood that a reform is approved with less consensus than it started.” Cabezn, for his part, called the minister “a convert to politics” and said he felt nostalgic “for his time at AIReF when he defended the 2013 reform.”
The debate has shown that Escriv it will be difficult to carry out the bill. Esquerra’s spokesman, Josep Lluis Salvad, has stated that he plans to present an amendment to the entirety but that he awaits modifications. The spokesperson for Ciudadanos, Mara Muoz, has also been critical although without reaching an amendment to the whole as the PP. He has announced that his group is abstaining at the request of the popular group.
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