The Spanish Parliament approved the Law 12/2022, 30 June, for the regulation to promote occupational pension plans (“planes de pensiones de empleo”).
The Spanish Ministry of Inclusion, Social Security and Migration (MISSM), the European Commission and the OECD have partnered to identify international best practices on how best to implement this legislation and promote occupational pension plans.
About the partnership
The role of the OECD will be to provide policy options that consider international best practices and experiences across EU and OECD countries, the specific legal and pension framework of Spain, the views of the Spanish authorities and other stakeholders on how best to implement the legislation approved by the Spanish Parliament, to achieve its objectives in an efficient manner and in the best interests of members.
The policy options put forward will be particularly mindful of the objective to improve access to all workers, in particular low-income groups, young people, and the self-employed workforce, as well as to reduce the gender pension gap. The OECD will also provide recommendations for appropriate and adequate communication of the issues to ensure the involvement and understanding of all stakeholders.
This project was launched in September 2022 and will run until 2024.
Key areas of co-operation
The Technical Support Instrument is an EU programme that provides tailor-made support to all EU countries for their institutional, administrative, growth-enhancing and inclusive reforms. The EU Directorate-General for Structural Reform Support (DG REFORM) of the European Commission is in charge of this programme.
The Spanish Ministry of Inclusion, Social Security and Migration (MISSM) applied to this programme for support to implement the reform of their occupational pension system. See the project page on the DG REFORM website. Upon acceptance of the project, DG REFORM designated the OECD as implementing partner of the project.
With funding by the European Union via the Technical Support Instrument.