Six out of ten Alicante retirees have a below-average income Interprofessional Minimum Wage (SMI)Reaching one thousand euros per month after the last increase approved by the Government in February. Specifically, there are 203,000 of these benefits, which equates to 62.8% of the state’s 328,000 retirees. According to a report by the Ministry of Inclusion and Social Security, there are 533,000 retirees in the entire Valencian Community who earn below the SMI, which accounts for 58% of the total. Another 33,884 pensions reach the maximum amount. The remaining 352.009 are between the two extremes.
The differences between provinces are significant, given that Alicante has the highest percentage of benefits below the SMI at 62.8%, followed by Castelló at 57.5% and again below average, Valencia at 55.4%. Both autonomy and the three regional borders are below 52.7% of the Spanish average and far behind regions such as the Basque Country (33%), Navarra (40%) and Madrid (40%); all three have economic structures that prioritize jobs. better salary and hence higher pensions in the end. The distance between men and women in the Valencian Community is no less important, given that 69.1% (313,075) of men are in the lowest-income group, compared to 47.3% (220,780) for men. In contrast, only 2.2% of women have the highest pension, while men reach 5.1%.
On the other hand, the document states that as of July 1, 2022, 10.7% of Valencians with these benefits have benefited more than once. That’s 98,139 people. In this case, the autonomy is slightly above the Spanish average of 10.3%, but only 13.4% of Catalonia, 12.8% of Galicia or 12.2% of the Balearic Islands, the three autonomies leading this ranking. is behind. In the case of the Valencian Community, most recipients of multiple pensions are women. They reach 84% of the total and represent 18.2% of all recipients of these benefits, including widows. In men, it reaches only 3.4% in this group.
Finally, the report details the evolution in the number of retirees. With 919,752 beneficiaries, the Community of Valencia received 1,036 more on 1 July this year than at the beginning of the previous month, 7,133 more than on 1 July 2021, 95,316 a decade ago and 166,977 more than in 2007.
Community retirees are among Spain’s “youngest”
Pensioners in the Community of Valencia are among the “youngest” in Spain, according to a report by the Ministry of Inclusion and Social Security. Their average age is 71.1 years, five months less than the Spanish average. Only Andalusia (69.9), Canarias (69.3) and Murcia (70.2) are below. The Balearic Islands fit it. Once again, differences are observed between men and women, given that the former remains in the 70s and the longer-lived latter has increased to 72.3. The average pension in the Autonomy fell from 1,112 euros on 1 July to 1,045 in Alicante and rose to 1,154 in Valencia. Valencia aid is some distance from the Spanish average, where it reaches 1,203 euros, but far further than the Basque Country’s 1,492 euros, Madrid’s 1,386 or Navarra’s 1,364 euros.
Source: Informacion
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