Leading political parties and experts agree that we need tax incentives that stimulate the savings rate, whether through company plans or private plans.
Their agreement on this issue, which came to light in a recent informational interview organized by elEconomista, would have been impossible a few years ago. Spain's population is aging and people are working longer. Combine those factors with a fierce economic crisis and it becomes plain that we need to wed public and private pension plans in order to give the Spanish people a decent retirement.
This is one pending item on Rajoy's to do list, even though he and his team have done some work to reform the broader pension system. Waiting until the next round of reforms is not the right choice.
