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The Spanish Pension System, Disability Pensions and Vulnerability

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If you have a question about this talk, please contact Patricia Peinado - Assistant Professor.

Health Economics @ Cambridge welcome Patricia Peinado, assistant professor at the University of the Basque Country and Visiting Academic at the Department of Land Economy and VCRA at Wolfson College, University of Cambridge. In her seminar she will outline key features of the Spanish pension system with special attention to the main features of protection system for disable people. She will further discuss how the welfare level at the time of retirement is affected by disability and breaks in the labour career.

The Spanish Pension system is a pay-as-you-go social security system in which the different cohorts of pensioners are entitled a pension that is supported by the contributions of current working population. Pensioners are usually entitled the pension at the age of retirement, that is to say, when they are between 65 and 67 years old. Additionally, for the people showing some degree of disability who become non eligible as workforce in the labour market, there are the disability benefits and pensions. These benefits and pensions are important welfare state instruments designed to prevent poverty situations. However, whether it is during a given period of time or for the whole life of the individual, breaks in labour careers imply a productivity lost that is not usually compensated. Moreover, the lost leaves disable people in a vulnerable situation; not only during their working age but also during the time they are drawing a retirement pension. In this seminar we will show the main features of the Spanish social security system. We will concentrate on disability pensions and their role to define the welfare level enjoyed by disable people at the age of retirement.

Everyone is welcome, no sign-up required. More information can be found here

This talk is part of the Health Economics @ Cambridge series.

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