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El desarrollo de las EPSV de empleo e individuales en el País Vasco

Author

Listed:
  • Clara Izurieta

    (Consultora en IKEI Research & Consultancy)

  • Iñaki Zabala

    (Socio Director de Newfield Consulting en España)

Abstract

On the expiry of the term of the Basque supplementary social welfare provision plan, we assess its implementation and level of development compared to the goals set for it. Specifically, it was intended that 70% of those in work should generate a supplementary pension of at least 20% of their earnings as the salaried workers, professionals or entrepreneurs. Current estimates indicate that only 30% of those included in the target figure of 70% (i.e. 21% of the total) appear to be, in one way or the other, in a position to attain that target. A further 30% make significant contributions to supplementary social welfare provisions but fall well short of the target figure. The remaining 40% have no significant plans at all. In short, we are far from meeting the targets set, though this can be attributed in part to policies and commissions on investment management rather than to a lack of contributions.

Suggested Citation

  • Clara Izurieta & Iñaki Zabala, 2014. "El desarrollo de las EPSV de empleo e individuales en el País Vasco," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 85(01), pages 95-116.
  • Handle: RePEc:ekz:ekonoz:2014104
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    More about this item

    Keywords

    complementary funded pensions; occupational pension system;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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