Andorra's Democrats to Present Pension Reform Amid PS Privatization Opposition

Jordi Jordana, president of the Democrats' parliamentary group, has confirmed that the majority bloc will present its pension reform proposal at Wednesday's commission meeting, while the Social Democratic Party (PS) has warned it will oppose any measures that privatize the system.

Speaking during Andorra's 33rd Constitution Day celebrations on Sunday in Andorra la Vella, Jordana outlined the upcoming discussions, where parliamentary groups will compare reform models. He identified two distinct approaches, including "purely technical, cold measures" that could be implemented soon but require evaluation of their social impact, effectiveness, and tolerability for recipients, particularly young workers entering the labor market. "The system is not just about accounts and numbers; it has a social repercussion," Jordana said. He added that Wednesday's session is unlikely to yield a final agreement, as detailed technical studies are needed.

In response, Susanna Vela, president of the PS parliamentary group, reiterated her party's red line against privatization. She emphasized focusing on measures that ensure the public system's sustainability while benefiting pensioners. "All measures that guarantee sustainability will be welcome, but those that privatize pensions or shift toward a private model—we won't support them," Vela stated. She noted that the majority has not yet formally shared its text, limiting detailed debate, and expressed willingness to assess proposals for their benefits to individuals and long-term viability.

The talks come amid ongoing concerns over pension adequacy, with the average monthly pension currently at around €823. A follow-up meeting is scheduled for next week, including a PS-provided expert to contrast reform models. No immediate resolution is expected from Wednesday's commission.