The Social Security Reserve Fund exceeded 8.3 billion euros in September and will end 2024 with 300 million more than expected.

The Social Security Reserve Fund reached €8.356 billion on September 30, the highest level since December 2017, and is set to end the year with nearly €9.3 billion accumulated.

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The Government revises upwards the “pension fund”, which will close the year with 9,300 million

The so-called ‘pension piggy bank’, which ended 2023 with 5,578 million euros, has so far this year received contributions worth 2,623 million euros, thanks to the Intergenerational Equity Mechanism, which came into force in 2023, to provide resources to this fund through a percentage of the contribution for common contingencies, distributed between the company and the worker with the same distribution as in social contributions.

In September alone, the Reserve Fund received allocations of 314.7 million euros, to which will be added those corresponding to the last three months of the year.