Spain's Ministry of Inclusion, Social Security, and Migrations issued a release on 15 November 2021 announcing that agreement has been reached with the unions, CCOO and UGT, on a new mechanism to strengthen the pension system. As part of this agreement, social security contributions will be increased by 0.6% from 2023 to 2032. The increased contribution is for the general fund and will be distributed between employers and employees. Although not specified in the release, the distribution is …