THE FINANCIAL CRISIS OF THE PUBLIC PENSION SYSTEM IN SPAIN

Both Colombia and Spain are states that face overcrowding of the elderly in their pension system, according to the figures presented at the II World Assembly on Aging in Madrid (UN, 2002), which discussed issues of a considerable increase in the population of older adults, not only in Developed coun...

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Detalles Bibliográficos
Autores Principales: Nader Orfale, Linda Elena, Pérez De La Rosa, Saúl Eduardo
Formato: http://purl.org/coar/resource_type/c_6501
Lenguaje:Inglés (English)
Publicado: Universidad Libre 2018
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Descripción
Sumario:Both Colombia and Spain are states that face overcrowding of the elderly in their pension system, according to the figures presented at the II World Assembly on Aging in Madrid (UN, 2002), which discussed issues of a considerable increase in the population of older adults, not only in Developed countries, but in all countries of the world. This increase in the elderly population has caused financial problems to the different pension systems in the world with respect to sustainability and the funds available to guarantee the right to a pension for older persons of retirement age. In Spain, especially, it is said that there is an imminent crisis in the Public Pension System. With the following article, it is aim to analyze the Spanish public pension system, describing its components and the incidence of its changes since the 1978 constitution