Pension Reform

The Superintendencia de Pensiones presented a proposal to replace the multifunds system with generational funds based on contributors' age. The change is part of the pension reform and aims to improve risk allocation over the life cycle.

June 10, 2026 Iniulat ng AI

Porvenir affiliates have until July 16 to request a transfer between pension regimes under Law 2381 of 2024.

Chancellor Friedrich Merz seeks an absolute majority with the coalition's own votes in the Bundestag vote on the controversial pension law. He targets the so-called chancellor majority of 316 votes. The Union-SPD coalition plans to proceed independently of the Left party's stance.

December 03, 2025 Iniulat ng AI

Vice Chancellor Lars Klingbeil has warned the black-red coalition not to rely solely on the Left Party for the vote on the pension package. The Left plans to abstain, which could aid the government, but Klingbeil demands a majority of their own by Friday. The reform aims for more sustainable pension financing but faces criticism within the Union.

French deputies have adopted a Socialist amendment to the 2026 Social Security financing bill, increasing the generalized social contribution (CSG) on certain patrimony and investment incomes. This measure, expected to yield 2.66 billion euros, aims to fund the suspension of the pension reform. It represents a victory for the Socialists, backed by part of the central bloc.

November 01, 2025 Iniulat ng AI

In the commission review of the 2026 social security financing bill, French deputies approved the suspension of the 2023 pension reform on Friday evening. Proposed by Prime Minister Sébastien Lecornu to appease the Socialist Party, the measure highlighted divisions within the New Popular Front. The overall bill was rejected, but debates will continue in the National Assembly.