Retirement spending rose to a record 11,922 million in February, up 10.8%.

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Record number of allocations to SGK in February 11,921.9 million euros Participation to pay 10.8% more contributions than in the same month of 2022, after a revaluation of 8.5% for this year, as reported by the Ministry of Social Security and Immigration this Friday.

Pension expenditures exceeded 11 billion euros for the first time in history last January. The reason for this is that the pension reform implementation increased by 8.5% until 2023 as a result of the average inflation of the period. December 2021-November 2022.

Department run by Jose Luis Escriva estimates retirement spending at 11.7% of GDP in the last twelve months, the same as in 2022 but lower than in 2020 (12.4% of GDP), a year conditioned by the impact of the pandemic on GDP and also 2021 (12.1% of GDP).

Of the 11,922 million Euro allocated in February, payment of contribution pensionsalmost three quarters (72.7%) were used to pay pensions of 8,675.1 million euros, which is 11.6% more than in February last year.

-also widow’s pension While 1,994.4 million euros was allocated, 9.5% more than a year ago, 1,058.8 million euros (+7.7%) was allocated to permanent disability benefits.

On the other hand, payment orphan’s benefits The total amount of benefits in favor of family members is 162.4 million (+8.9%) and 31.2 million Euros (+11.6%).

Real retirement for 6.2 million people

They paid in February of this year. 10,007,629 contribution retirement, 0.9% more than a year ago for just over nine million retirees. More than 6.32 million of total pensions are pensions; it was about 2.35 million widows’ pensions; 944,911 people were permanently disabled; 340,315 of them are in favor of orphan’s pension and 44,692 of them are in favor of their relatives.

Total number of retirees (9,067,267 as of February 1 this year), 4.6 million men and 4.5 million women. The number of pensions per pensioner is 1.1.

The main pension received is pension for 6.2 million people, 60.6% of whom are men; The main benefit for 1.6 million people is being widowed (95.9% are women); permanent disability is the main pension for 939,768 retirees; orphans and for 322,994 people family favor For 43,989 retirees.

Exceeds 1,370 Euros per month

Average pension after the 8.5 percent increase in pensions for this year In February, it increased by 9.8% on an annual basis, up to 1,370,8 euros per month.

In the General Programme, the average pension is 1,530 euros per month compared to 912.9 euros per month. Self Employment Regime. The average monthly pension is 2,670 euros in Coal Mining and 1,520.8 euros in Marine.

The average amount of new pension enrollments increased in January of this year (latest data available) 1,639.6 Euros per month.

The average widow’s pension in February was 849 euros per month, an inter-year increase of 9.5%, while the average pension for the system that includes different types of pensions (in favor of retirement, permanent disability, widowhood, orphanage and relatives), It rose 9.8% to 1,191.3 euros per month on 1 February.

Ministry announced in 2022 average resolution of files It was 21.15 days in pensions and 19.46 days in widows’ pensions.

In this sense, the Department headed by Escrivá, as required by lawmaximum resolution time 90 days for both retirement and widower’s pension.

passive classes

On the other hand, the number of pensions belonging to passive classes in effect at the end of January of this year (latest data available) Compared to the same month of 2022, it increased by 1.7% to 692,901. The monthly payroll of these pensions was 1,464.6 million euros.

The State Passive Class Regime basically includes: military personnel and officers of the General State Administration, Officials delegated to autonomous communities as well as the Administration of Justice, General Courts, and other constitutional or governmental bodies.

gender difference suffix

dated February 1, 431,956 pensions they took the gender gap supplement, whose purpose was to gradually correct the difference between the average pension earned by a man and the average pension received by a woman.

The monthly average amount of this supplement in the pension, It is 66 Euros, 92% of which is taken by women. Of the 431,956 additional pensions, 22.3% corresponds to retirees with children (96,239); 47.3% with two children (204.292); 19.6% have three (84,832) and 10.8% (46,593) four children.

This supplement, in effect from February 2021, revaluation Until 2023, it amounts to 30.4 euros per month per child. The supplement applies from the first child up to a maximum of four and is requested on the date the pension is requested.

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