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

• Published in: CIRIEC-España no. 80; p. 187
• Main Authors: Crespo, Marina Anido, Álvarez-Santullano, Mercedes Mareque, López-Corrales, Francisco
• Format: Journal Article
• Language: Spanish
• Published: Valencia CIRIEC - Espana 01.04.2014
• Subjects: Comparative analysis; Economic crisis; Pension plans; Pensions; Social security; Studies; Europe; Spain
• ISSN: 0213-8093

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