Last year Spain spent €25.3 million per month paying pensions to people that were no longer alive, according to a National Audit Office report.
The report claims that a total of 30,000 deceased pensioners received pension payments in 2015, totalling €300 million over the course of the year, due to ‘holes and deficiencies’ in the governments system.
“The INSS (National Social Security Institute ) doesn’t employ effective controls over who it pays pensions to, and neither do the banks through which pensions are paid,” a spokesperson said.
In 2011 Spain spent over 10.5% of its GDP on pensions, statistics from the Organisation for Economic Co-Operation and Development’s (OECD) shows, a great deal more than the OECD average of 7.9%.
Tags: Pensions in Spain