Income insurance for pre-retirees and staff restructuring

The peace of mind of doing things right in the event of a workforce restructuring

  • Facilitate the restructuring process by setting up an income system.
  • Give transparency to the agreement established with the person hired.
  • Allow personnel to maintain their wage levels.

What is the Collective Outsourcing Insurance?

  • By taking out a collective life insurance policy, your company guarantees the annuity commitments it holds with its personnel as a result of agreements adopted in the employment layoff case (ERE in Spanish), such as:

    • The public benefits.
    • Signing of the Special Agreement with the Social Security Institute.
    • Lifetime annuities after retirement.

What advantages does it offer?

  • Advantages for the company
    • Reduction in fixed costs by outsourcing payments for benefits.
    • Ability to avoid conflicts when severing ties between the company and an employee.
    • Optimization of funds by determining the benefits at the source, maximizing returns and eliminating fluctuations.
  • Benefits for the employee
    • Minimizes the worker's uncertainty in terms of what he/she will get paid.
    • Contributions to the Special Agreement with Social Security are included, so as not to penalize workers who opt for final retirement.

BBVA Previsión Online Service

Call us at 912249975 or write to prevcolectiva@bbva.com

What does the Exteriorización ERE Insurance cover?

  • We guarantee
    • Annuities that complement public benefits up to a specific salary level, until retirement.
    • Annuities allocated to the subscription of the Special Social Security Agreement.
    • Life annuities after retirement, if any, or capital payments agreed.

Who is this for?

    • Companies affected by a furlough or similar.
    • Companies with redundant workers or pre-retirement policies.
    • Individual who has been dismissed and wants to receive an income to supplement their unemployment benefit.

Would you like more information?

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