Spain: Amendments to the laws on pension plans and collective dismissals

2023-08-25T13:41:42-07:00August 25th, 2023|Categories: Defined Benefit Plans|Tags: , |

By Pilar Garcia-Aguilera Source: WTWCO.com Spain boosts access to pension plans to support temporary workers and partial retirees, among others, and adds notice protections for workers facing dismissal due to a workplace closure. Among other things, Law 668/2023 establishes implementing rules on sectoral tax-qualified simplified employment pension plans (planes de pensiones de empleo simplificados – PPESs); entitles temporary workers to participate in tax-qualified pension plans; allows partial retirees to continue to contribute to their plans until full retirement; and [...]