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The rise of the widowhood pension, paralyzed from 2012, will be completed at 2019

The improvement, which will begin to be implemented six years late, would mean an annual expenditure of almost 1.4 billion to Social security

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The rise of the widowhood pension, paralyzed from 2012, will be completed at 2019

Widowhood pensions should have begun to rise in 2012 progressively up to 2019, as collected in Social security reform of 2011. The benefit would have to be increased from 52% to 60% of regulatory base ( figure on which final amount to be received is calculated). That did not happen n and now government to meet deadline raises a point in 2018, when decree regulating improvement, and remaining seven on 1 January 2019.

More information
  • The government has finalized a decree to extend pension credit
  • Widowhood pension improvements will cost 1.3 billion to Social security
  • Employment announces improvement in widowhood pensions almost six years late

In this way, Ministry of Employment will arrive in time to meet deadline for that reform — which increased legal retirement age of 65 to 67 years. However, fulfillment will not be total because during transitional period, beneficiaries have lost partial increase corresponding to each exercise.

This improvement will mean, as contained in Economic report of draft royal decree issued by employment, an increase in expenditure of 175.9 million in 2018. And from 2019 it will be an added increase of 1,381,730,000 each year.

The measure will not affect all widows, something already collected in reform of 2011. This detailed requirements that are required in order to benefit. The first is that widow (82% of beneficiaries are women) must be over 65 years old. Nor can it be perceiving anor provision of social security: this is important because collection of widowhood benefit is only one fully compatible with perception of anor pension of social security or or income. In addition, pensioner must not have income from or sources that exceed established to be eligible to charge a minimum widowhood pension.

The standard's own design also limits more impact it may have. In widowhood pensions that require a supplement to reach minimum, what y gain by increase in regulatory base will be lost in supplement. In this way, final result will not vary.

This part was warned by CC OO when reading draft normative, because it left out of improvement " lower pensions, which in many cases will continue to need a complement to minima (today are almost 1 out of 3 Widows ' pensions)".

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