Spain to raise social-security payments to fund coming pensions boom

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Spain to raise social-security payments to fund coming pensions boom

MADRID – Spain’s government has agreed with unions to raise social-security contributions by 0.6% between 2023 and 2032 to help pay for the pensions of an upcoming wave of retirees, the Social Security Ministry said on Monday.
Spain experienced a baby boom during the last two decades of Francisco Franco’s dictatorship which ended in 1975…
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