Among the PSOE election pledges were the creation of 800,000 employments, the nationalization of banks in a critical economic situation and the decrease of retirement age from 69 to 64, as well as to establish the maximum working time at 40-hour week. It also proposed a wide range of social policies: raising taxes to higher incomes, increasing lowest-earning pensions, promotion of public companies, to increase control and monitoring of companies by workers, to expand unemployment insurances and to reduce social inequality through the social security. Regarding NATO, the PSOE was also a staunch advocate of Spain's exit from the organization, though eventually it would defend a 'Yes' vote in the 1986 referendum on NATO membership.