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The social security system (Spanish: seguridad social) in Spain is its principal system of social protection.The concept of social security first appeared in Spain in 1883 under the Committee for Social Reform, it was expanded several times during the twentieth century and finally the right to social security was enshrined in the Spanish Constitution of 1978 under Article 41 which states "that ...
The state pension scheme is part of the Social Security system in Spain. There are two categories of pension in Spain: contributory and non-contributory. The pensions system is financed by a payroll tax on salaries. The employee pays 4.7% of their salary while employers must pay the equivalent of 23.6% of an employee's salary into the scheme. [1]
The Institute for the Elderly and Social Services (IMSERSO) is an agency of the Government of Spain responsible for the management of social services that complement the benefits of the Social Security System, disability and retirement pensions, in its non-contributory modalities, as well as the exercise of the powers of the General State Administration in matters relating the elderly and ...
The unemployment rate of Spain is the third highest among OECD countries, 15.1% of the total labor force was unemployed in the third quarter of 2018. [4] The youth unemployment in Spain in the third quarter of 2017 was 37.44%. [5] Spain's population has less women than men working within the working sector. [6]
The Spanish social welfare program can be separated into three categories or fundamental pillars: education, health, and pension system, as established in the Spanish Constitution ratified on December 29, 1978. It relies especially on Article 27 on education, Article 41 on the social security system and Article 50 on the pension system.
Image source: Getty Images. 1. Understand how your claiming age affects your benefits. The government bases your Social Security benefits on your income during your working years and your age at ...
The $ 22,924 Social Security bonus most retirees completely overlook. If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known ...
U.S. President Joe Biden signed the Social Security Fairness Act into law on Jan. 5., increasing the ability of retired public service workers who receive pensions to access Social Security ...