Madrid crowds gather to protect state pensions
The monthly cost of the pension system hit a record 14.5 billion euros before the October election.
By Natalia Campos ·
Almost 14.5 billion euros was spent on state pensions in Spain last month, a monthly record that coincided with a major political moment. On Saturday, approximately 25,000 people gathered in the capital to voice their support for the existing scheme. The demonstration took place ahead of the general election scheduled for next month. Participants came from various regions to join the march from Atocha train station to the Gran Via. Banners demanding the protection and guarantee of pensions were visible throughout the crowd.
The protest highlights growing anxiety over the system's future. Many marchers fear that the outcome of the upcoming vote could weaken pension protections. The primary demand is for pensions to remain indexed to inflation. Advocates also called for the elimination of the gender pension gap. The financial strain on the system is driven by several factors, including an aging population and a low birth rate. Stagnant wages and a falling ratio of workers to pensioners add to the pressure. As the number of beneficiaries rises, the scheme relies more heavily on state funding.
Political figures have already begun to frame the issue. Emilio Delgado, a deputy spokesperson for the left-wing party Mas Madrid, posted on X that no pension should fall below the minimum wage. He argued that a lifetime of work deserves a dignified retirement. Prime Minister Pedro Sanchez has accused the right-wing Popular Party of planning to weaken inflation-linked increases if they win. Sanchez pledged to protect the current system, which he says is affordable. Alberto Nunez Feijoo, the leader of the Popular Party, responded on Monday. He stated that his party would continue to raise pensions in line with inflation if it secures the vote.
The rally was part of a wider wave of demonstrations across Europe. Protesters in other cities focused on the cost of living, school conditions, and alleged corruption. In Madrid, the focus remained on the immediate financial health of the retirement system. The next general election is scheduled for next month.
Source: Al Jazeera
