The January slope will worsen in 2024 and that is becauseSalaries will suffer a new cut in Galicia. The beginning of the year brought it a new rise of the Intergenerational Equity Mechanism (MEI), a measure of the Ministry of Inclusion, Social Security and Migrations that seeks strengthening the pension reserve.
This measure, adopted by Law 21/2021, begins to apply to the payrolls of workers throughout the country. on January 1, 2023a cut that will continue this year with a The 0.7% increase is applied based on common contingenciesalthough 0.58% will be assumed by companies, while the remaining 0.12% by workers.
But… Will this percentage continue to rise in other years? In fact, until 2029, when it stabilizes at 1.2% (1% corresponds to the company and 0.2% to the worker), according to publications. stock on The Spaniards. In this way, the same percentage will be maintained between 2030 and 2050, a time period in which The Government hopes to raise around 130,000 million euros.
However, it is worth remembering that workers who contribute only for temporary disability o contribution to unity, in addition to students who are new to the Ministry of Defense or participants in training programs and non-work practices, will not be included in the quote.
In short, the provision of the Reserve Fund “has its objective to create a cushion to deal with possible deviations of the pension expenditure path”, with an additional contribution in 2024 of 0.7 percentage points, distributed between the company and the worker.