Universidad de Zaragoza Repository

@article{TabueñaPeralta:32651,
      author        = "Tabueña Peralta, Andrea and Bandrés Moliné, Eduardo",
      title         = "{Envejecimiento y crisis: reformas para combatir la
                       insostenibilidad del sistema de pensiones en España}",
      year          = "2015",
      note          = "The threat ageing poses to pay-as-you-go pension systems,
                       as well as the occurrence of harmuf effects due to the
                       financial crises, have caused that promoting pension
                       reforms, in order to guarantee the financial stability, was
                       an inevitable fact. Specifically, in 2011 a progressive
                       increase in the statutory retirement age and the minimum
                       number of years a worker needs to have contributed to the
                       system in order to receive a full pension, among others
                       agreed. More recently, in late 2013 a new index revaluation
                       and regulates sustainability factor was adopted. Both
                       reforms have reduced the excessive spending on pensions
                       accounted for GDP, but failed to be sufficient to ensure
                       the financial sustainability and adequacy of the pension
                       system, so new revisions in the near future is expected.",
}