Posts Tagged ‘Social Security Closes’
Social Security
Soraya Saenz de Santamaria has been made ??in the press conference after the Council of Ministers Social Security closed 2011 with a deficit of 0.06% on an initial forecast of 0.4% surplus. These figures are partly to blame for the cuts plan approved last week and partially justify the budget deficit increased from 6% to 8%.
Specifically, the Social Security contribution in worsening of the deficit by nearly 0.5% from 6% to 8% expected, so we have unveiled part one of the unknowns. Now need to crop the regions 1.5% spread above the remaining deficit is the stadium. What are the consequences of this information deficit in Social Security accounts? As is obvious, is negative close a year with more expenses than income but in the case before us, nor should we be alarmed too much or why we spread rumors or unfounded dangers for those who depend on the collection of Social Security benefits, mainly pensioners.
The economic deficit is just over 650 million euros and Social Security with a login account reserve fund of 7,500 million euros (feasible, non-accounting) perceive that ensures the future of pensions. In addition, the status of membership is going to invest in short by the entry into the general scheme of nearly 400,000 employees home listed on the general scheme contributions up to the system substantially.
Moreover, the pension reform implementation, along with forecasts of the current government to further tighten and lower pensions, ensure the payment of pensions. Of course, ridiculous pensions that give to the poor to survive if they remain within the low. Finally, we assume that the situation of 5 million unemployed will have to start to decline in 2012, because if they do not, everything you just described is worthless which can cause a major breakdown in the accounts if continue to lose contributors and members of the public system of Social Security.