SPAIN - The Organisation for Economic Co-operation and Development (OECD) has called on Spain to revise the parameters underlying pension calculations to make the system "actuarially fair".
“The parameters underlying pension calculations will have to be revised to at least ensure that the discounted value of old-age pensions is not higher than the sum of the corresponding contribution...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date