Last year, Hacienda collected an update to many of the municipalities that are now being published again. This is because in the past year he did not have time to complete the list of updates. Curiously, in places like Valencia or Granada, where the rise was going to be 4% July 2019 calendar Printable, it was finally reduced to 3%. Although the ministerial order includes that the municipalities whose last revision dated from 2010 did not receive any change, sources of the Treasury explain that it is due to an errata that they will correct in the next days in the BOE.
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The 44 municipalities that must update values dated in 2010 will also reflect a reduction of the reference values of 3%, as well as those that go from 2005 to 2011. The worker who wants to retire over the next year with 100% the pension that could correspond, must have already reached 65 years and eight months, two months more than in 2018.
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This month the Sustainability Factor was expected to enter into force, an adjustment mechanism that would have linked the initial pension to life expectancy and, therefore, reduced the benefit.
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But the budgetary pact between the Government of the PP and the PNV delayed its entry into force until the year 2023, a key year because the generations born between 1958 and 1977, the children of the “baby boom” will begin to retire.
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The students of the system expect a smooth incorporation of retirees and that the highest peak occurs in 2042 with the arrival of some 723,000 potential pensioners and with higher life expectancy, which this year will raise the total of pensions to 15 million, compared to the current 9.6 million, according to the forecasts of the research professor of the CSIC, Antonio Abellán.
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Spain has traditionally been a country of owners. But that trend begins to change. In the last three years there has been a notable increase in the percentage of the population that lives on rent. In 2017, according to Eurostat figures, this indicator stood at 22.9%.
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The trend is explained by the rebound in prices that have had floors in cities such as Madrid and Barcelona since 2015. This has hindered access to housing and has pushed the rental to a good percentage of the population.
This delay will have its exceptions for those who accumulate a long working life, who can retire with their full pension at age 65 provided they have been quoted at least 36 years and nine months. For each fiscal year that period is increased in July 2019 calendar Printable three months until reaching 2027, when those wishing to retire at 65 must have a quotation of at least 38 years and six months.