Contribution to the panel discussion by OCTAVIO GRANADO, SECRETARY OF STATE FOR SOCIAL SECURITY OF SPAIN CONFERENCE “ASSURING ADEQUATE PENSIONS AND SOCIAL BENEFITS FOR ALL EUROPEAN CITIZENS” Liège, September 6-7, Belgium

PENSIONS SYSTEM REFORMS 1985 Increased period taken for calculation of retirement pension: 2 to 8 years 1990 Introduction of non- contributive pensions 1994 Changes in temporal incapacity legislation increased period taken for calculation of retirement pension: 8 to 15 years. changes in correspondence between years of contribution and calculation base 2002 law on flexible and gradual retirement age 2006 Changes in temporary incapacity legislation 2008 Restrictions on early retirements Changes in permanent incapacity and survival pensions legislation restrictions on early retirements changes in permanente incapacity and survival pension legislation 2010 Recommendations by the “Toledo Pact parliamentary Commission” before the end of the year

SOCIAL SECURITY RESERVE FUND JULY 2010 MILLIONS EUROS

AVERAGE EXIT FROM THE LABOUR MARKET

AT RISK OF POVERTY RATE (TOTAL POPULATION OVER 65) Including housing ownership as imputed rent SOURCE: STADISTICAL NATIONAL INSTITUTE 15,4 14,9 15,2 15,5 16,9 16,8 15,6 14,1 13, (provisional) Total population 65 +

RECENT INCREASES ON MINIMUM AND BASIC RETIREMEONT PENSIONS IN SEVERAL EU MEMBER STATES SOURCE. SOCIAL SECURITY ADMINISTRATION: OWN ELABORATION AT BE DK IT LU SW NL PT PL FR UK ES

EVOLUCION OF LIVE EXPECTANCY AT 65 ( ) (REFERENCE YEAR 2008) INCREASE FROM LIFE EXPECTANCY AT 65 (2008) EU DE AT DK ES FR GR NL IE IT PL PTl UK

DEPENDENCY RATIO Source NATIONAL STADISTICAL OFFICE. POPULATION LONG TERM PROYECTIONS 24,61 29,47 37,16 49,29 60, Over 64 23,2 25,75 24,2425,48 29,07 Under Total (Under 16 and over 64) 47,81 55,22 61,4 74,77 89,

INCREASE OF THE NUMBER OF PENSIONS (Millions) Source : SOCIAL SECURITY ADMINISTRATION

2010: “GOVERNMENT PROPOSAL TO THE “TOLEDO PACT PARLIAMENTARY COMMISSION”: MAIN FOCUS Increased additionally effective retirement age, acting on early retirement and on statutory retirement age. Better consideration of the contributive effort throughout working life In the calculation of retirement pension Favouring greater flexibility in personal decisions regarding retirement, including through the development of complementary social prevision