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← Overview Database of Innovative Social Policies in Europe

Royal Decree-law 5/2013, of March the 15th, of measures to encourage the continuity of older workers' labour life and to promote the active ageing

Country of implementation
Spain
General short description of the innovation
This policy consists of a set of measures to adapt the pension systems to the new situation of low birth rate and the increasing of the life expectancy to guarantee its long-term viability and to maintain appropriate pensions to the older citizens' welfare. It includes a Revaluation Index considering the system incomes and costs and the increasing of the pensioners and the pension average. If there is deficit, the increasing of the pensions is limited. On the other hand, the Sustainability Factor is included, that is a coefficient to calculate the pension basedon the life expectancy variation. /
Target group
Older Workers
Policy Field
  • pension
Type of Policy
  • public
Duration of the policy
This policy has been approved some months ago (in March 2013).
Scope of innovation
  • Scope: Structural
  • Budgets: Unspecified
  • Number of intended beneficiaries: Unspecified (all the beneficiaries of a retirement pension)
  • Spatial coverage: National
Nature of the innovation-short-term perspective
short-term perspective (institutional and systemic): To adapt the pension systems to the new situation of low birth rate and the increasing of the life expectancy /
[?naturelongterm]
Nature of the innovation-long-term perspective
[naturelongterm]
[/naturelongterm]
Type of ideal-typical strategy for the innovation
  • others
Type of innovation
  • new policy, practice or measure
New outputs
  • others (Pensions)
Intended target group
Older workers
Actors involved in policy-making/implementation and/or evaluation
  • central state (Head of State)
Intended output
  • others (Pensions (revaluation of the pensions according to the Revaluation Index and the Sustainability Factor))
Did the innovation have any outcome related to job quantity?
Non-assessed
Intended and unintended outcomes
Non-assessed yet
Clarification of outcomes in terms of impacting resilience and labour market inclusion
This policy includes two innovations: the Revaluation Index and the Sustainability Factor, that revaluates the pensions basing on the incomes ands costs of the pension system and the life expectancy, being reduced as the life expectancy increases.
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