A new law recently approved in Spain establishes a framework for the transition of professional mutualists into the national Social Security system. The legislation is set to improve the future pensions of more than 100,000 professionals who have historically contributed to mutual societies.
While the law provides a pathway for these contributors, it excludes 47,000 current retirees from the new provisions. Additionally, the specific mechanism for exchanging contributions previously made to mutual societies remains pending, as the legislation defers these details to a future regulatory development.
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