MADRID: Spain will pay workers to postpone retirement as part of a pensions reform strategy that analysts warn does not go far enough to cut a huge deficit in the system.With nearly 30 billion euros (RM 149 billion) of annual losses in 2020 and rising, Spain’s social security budget is one of the biggest contributors to the country’s ballooning public deficit.The European Commission has long demanded that Spain reform its pension system and has made it a condition for accessing European Union economic recovery funds.Under a planned reform unveiled earlier this month that aims to get more people to work longer, Spain will give cheques worth up to 12,000 euros (RM 59,000) per year to retiremen
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