The Parlament has agreed to support the current public pension system and reject total or partial privatization initiatives that call into question its public nature.
This pronouncement is part of a non-legislative proposal (PNL) presented by PSIB, debated this Tuesday in the plenary session, which has been partially approved with the support of the left-wing groups and the abstentions or opposing vote of PP and Vox.
Specifically, the autonomous Chamber has given the green light to the rejection of Vox's initiative to "reconvert the public pension system into a system with individual capitalization".
Likewise, the Parlament has called on the Government of Spain to rule out any modification, total or partial, of the public pension system that entails a cut in workers' future benefits, focusing on the lowest pensions.
The approved text also underscores that a possible transformation of the public pension system toward an individual capitalization model would have "especially perverse" effects in Baleares, by having a very intense impact on the future pensions of the more than 194,000 current fixed-term discontinuous workers.
Among other aspects, the Chamber has urged the central Executive to preserve the annual revaluation of pensions linked to the consumer price index (CPI), with the aim of maintaining pensioners' purchasing power.
On the other hand, the deputies have rejected noting the pension increases promoted by the governments headed by the Socialist Pedro Sánchez, as well as the recovery of the revaluation linked to the CPI to ensure retirees' purchasing power.
Likewise, the proposal to reflect the current recovery of the reserve fund, which has gone from 8.095 billion euros at the end of 2017 to surpass 15.200 billion euros in April 2026, "thanks to the strengthening of revenues driven by the Socialist Government of Pedro Sánchez", has also failed to pass.