What are they and what purpose do they serve
EPSVs are voluntary, non-profit organisations established in the Basque Country for the purpose of protecting their associates from a number of situations.
Fundamentally, EPSVs pay pensions supplementary to those provided by the Social Security so that, once the age of retirement has been reached, an associate can receive an amount that is as close as possible to the last sum paid in the form of wages as an active worker.
We have four types of EPSVs:
- Associated – those promoted by groupings and associations.
- Employment – those originating within companies.
- Individual – those promoted by financial organisations.
- Non-differentiated – no pensions are paid, although coverage is provided for expenses arising from burials, damages at home, boats, etc., owned by the associate.