Retirement spending rose 10.8% in March to a record 11,945 million

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This Social Security allocated in March. The record figure of 11,945.6 million euros to be paid pensions contributions, a 10.8% It’s more than in the same month of 2022 after a revaluation of 8.5% for this year, as reported by the Department of Inclusion, Social Security and Immigration this Tuesday.

Department run by Jose Luis Escriva retirement spending 11.7% of GDP in the last twelve months, Same percentage as 2022, but lower than 2020 (12.4% of GDP), a year conditioned by the pandemic’s impact on GDP, as well as 2021 (12.1% of GDP).

They paid in March of this year 10.019.006 contribution retirement, 0.9% more than a year ago. Of the total pensions, more than 6.33 million are pensions and 2.35 million are widows’ pensions.

Average pension reaches 1,372 euros per month

After the increase in the CPI and pensions applied since the beginning of the year, average pension pension Increased 9.7% YoY in Marchup to 1,372 Euros per month.

The average pension, which includes the system’s different types of pensions (retirement, permanent disability, widowhood, orphanage and favor of relatives), also increased by 9.7% year-on-year, reaching 1 March of this year. .year, 1,192,3 Euros per month.

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