{"id":15358,"date":"2016-12-05T13:00:58","date_gmt":"2016-12-05T12:00:58","guid":{"rendered":"https:\/\/pibgroupiberia.com\/?p=3351"},"modified":"2025-07-28T13:59:11","modified_gmt":"2025-07-28T11:59:11","slug":"2017-the-year-of-the-beginning-of-the-end-of-pensions","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/2017-el-ano-del-principio-del-fin-de-las-pensiones\/","title":{"rendered":"2017: the year of the beginning of the end of pensions"},"content":{"rendered":"

The title of this entry may seem far-fetched, however, we believe it is important to raise awareness of the serious problem <\/strong>that we are facing or, rather, that we are facing and must solve. We will give concrete figures on the Social Security Reserve Fund<\/strong><\/span>, and of the provisions made to date.<\/p>\n

Current situation of the Social Security deficit<\/h2>\n

Since 2011 we have been suffering Social Security deficit<\/strong>We are therefore obliged to make provisions for the \u201cPension Piggy Bank\u201d<\/em><\/strong>. That was the year when the Reserve Fund had its record balance: 66,815 million<\/em>. Who would have thought that only 5 years later, we would be in this situation. We can see for ourselves in this graphic illustrator:<\/p>\n

\"Pension<\/h2>\n

Pension Piggy Bank Withdrawals<\/h2>\n

We can see how, year after year, withdrawals have been increasing over time (except in 2014). The truth is that this is a worrying situation, mainly due to the fact that:<\/p>\n