El Fondo de Reserva de la Seguridad Social y su papel en la sostenibilidad del sistema de pensiones

The Spanish Social Security Reserve Fund is designed to meet the needs of the system with regard to contributory benefits. This study examines the evolution and current status of the Reserve Fund and discusses its role in the sustainability of the public pension system. Although the Reserve Fund con...

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Bibliographic Details
Published inCIRIEC-España no. 80; p. 187
Main Authors Crespo, Marina Anido, Álvarez-Santullano, Mercedes Mareque, López-Corrales, Francisco
Format Journal Article
LanguageSpanish
Published Valencia CIRIEC - Espana 01.04.2014
Subjects
Comparative analysis
Economic crisis
Pension plans
Pensions
Social security
Studies
Europe
Spain
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Summary:The Spanish Social Security Reserve Fund is designed to meet the needs of the system with regard to contributory benefits. This study examines the evolution and current status of the Reserve Fund and discusses its role in the sustainability of the public pension system. Although the Reserve Fund contributes to the solvency of the Social Security system, it no longer guarantees the future viability of the system. Due to the economic crisis, the first withdrawal from the Fund was made in 2012, eleven years earlier than expected in the most recent official projections of the system's incomes and expenses, made in 2008. Through comparative analysis with other European countries, we have arrived at a series of recommendations to turn the Reserve Fund into a key element in the financial sustainability of the Spanish pension system
ISSN:0213-8093
1989-6816