EFE

Spain's government aims to move retirement age to 67

The government says that by 2050 one in every three people will be 65 or older

SUR

The Spanish government has recently drawn up a 676-page policy guide for the country for the next 30 years, called Spain 2050, with objectives including overcoming the gender pay gap, improvements in employment, the economy, equality and climate change, and even making people's lives happier in general. However, it also confirms that the official retirement age needs to rise to 67 by 2027, because of the ageing population.

At present it is 66, although those who have paid Social Security contributions for more than 37 years and three months are entitled to retire at 65.

The government says that by 2050 one in every three people will be 65 or older, and for everybody in that age range there will only be 1.7 people aged between 16 and 64 (at present there are 3.4).

It also warns that no matter how much the birth rate may rise or migration there may be, nothing can completely reverse this scenario, and it also says that other measures are going to be needed in order to sustain the pension system.