About 25,000 rally in Madrid in support of Spain’s state pension scheme
Summary
About 25,000 people protested in Madrid to support Spain’s state pension system before the general election next month. They are worried that changes to the pension system might happen depending on which party wins, amid pressures like an aging population and fewer workers per pensioner.Key Facts
- Around 25,000 protesters marched through Madrid supporting the state pension scheme.
- The protest comes before Spain’s general election next month.
- The pension system faces challenges due to an aging population, low birth rates, and more pensioners compared to workers.
- Spain’s monthly pension spending reached a record 14.5 billion euros ($16.2 billion) this year.
- Protesters want pensions to be linked to inflation and to close the gender pension gap.
- Prime Minister Pedro Sanchez said the right-wing Popular Party might weaken pension increases tied to inflation.
- Popular Party leader Alberto Nunez Feijoo promises to keep pension increases in line with inflation if elected.
- The current pension system depends more on state funding because of more pensioners and higher payments.
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