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Spanish pension system faces deepening structural deficit as payout-to-contribution ratio projected to exceed 2.0
ExpansiónLO·ES·1 day ago
The share of retirees receiving the Universal Pension for the Elderly (PUAM) is rising as fewer workers meet the 30-year contribution threshold. Projections from the Subsecretaría de Previsión Social indicate this demographic will grow from 3% to 9% of total retirees within four years, signaling long-term fiscal pressure on the social security system.
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