Rajoy is pushing a bill that will revise the pension system by cutting payments. The measure, at least on paper, aims to provide savings of around 5 billion euros over the course of ten years -- a hefty sum.
Spain is trying to also meet recommendations that the EU provided in May by extending the retirement age, which should give greater sustainability to the fund.
What's the point of the bill? It revises a pension system that increasingly needs to adapt all its variables to changing life expectancy in Spain. Such changes have been applied in Switzerland in order to distribute public funds in a more balanced, fairer manner.
