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Spain’s Pension Plan Bill Advances Amid Controversy

The Spanish Congress has approved a bill aimed at enhancing employer-sponsored pension plans, supported by Ciudadanos, PNV, and PDeCAT, while facing opposition from PP, Vox, and others. A voting error by the PSOE, supporting a Podemos amendment, led to the rollback of contribution ceilings. Following the vote, Minister José Luis Escrivá expressed surprise at the number of opposing votes, highlighting that some parties had previously supported similar measures. He emphasized the bill’s potential effectiveness and announced ongoing discussions with social agents to recover effective returns for pensioners.

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