Fedea asks the IPC to only at minimum pensions and warns that the expense will shoot 18% of GDP
When will the rise in pensions of 2026 be known?
The president of Grupo Mutua, Ignacio Garraldastressed that the Public Pension System current is “Excessively generous” Regarding the replacement of the pension with respect to the last salary.
“The public pension system is excessively generous. It is the most generous in the European Union”Garralda said during his speech at the ‘XVI Financial Meeting’, organized by KPMG and Expansion. The Executive has commented on this in reference to The replacement rate in Spain is 77%while in the EU it is “5% or 50%”.
In any case, he has indicated that The lowest pensions could revalue With the CPIbut what The stockings and high should not do it.
“There is no doubt that the origin that pensions are low is on the one hand the generosity of the public pension system and, on the other hand, low productivity, Because having low productivity has low wages and having low wages, social contributions are low and social contributions are those that finance social security, “Garralda apostilled.
Given this situation, he has asked Emulate the Basque Pension Systemespecially regarding the taxation of the yields obtained by the pension plans.
Regarding the evolution of the insurance business of Mutua, Garralda has valued the stable prices. “If you hit many variations in insurance prices, because in the end it is no longer so safe, because insurance intrinsically needs some tranquility. Because if not, you are transmitting the risk to the client and not assuming it,” he emphasized.
Has also positively valued the relationship with The English Court Within the framework of his alliance. In fact, he has indicated that in 2024 the benefit of the ‘Joint Venture’ was about 70 million euros. “This year I think we are going to grow by 10% or 15%, that is, we are very satisfied with this operation,” he said.
