Labour Updates 16-2013
Law 23/2013, of december 23, 2013 on the sustainability factor and the revaluation index in the social security pensions system
This Newsletter summarizes the key elements to be considered from the standpoint of labor and employment law of Law 23/2013, of December 23, 2013 on the sustainability factor and the revaluation index in the social security pensions system, published in the Official State Gazette on December 26, 2013.
The law has been published to protect the economic and financial balance of the social security system in the medium to long term by including the sustainability factor and redefining the revaluation index for pensions, along the lines of the measures in Law 27/2011, of August 1, 2011 on updating, adapting and modernizing the social security system.
1. SUSTAINABILITY FACTOR
2. NEW PENSIONS INDEX