Plan de Pensiones de Empleados de Telefónica de España

Plan de Pensiones de Empleados de Telefónica de España is a defined contribution corporate pension plan based in Madrid, Spain. Established in 1990, the plan is configured as a private, voluntary, complementary, and independent forecasting institution of the public social security that, by its constituent subjects, fits into the system of employment and defined contribution system, with mandatory contributions from the promoter (Telefónica de España, SAU) and the participants (Employees of Telefónica de España, SAU). The assets of the pension plan are managed by the control commission.