Citizens benefiting from aid pension retirement contribution They are “lucky”. Following the approval of the Royal Decree on Urgent Measures to Expand the Rights of Pensioners, Reduce the Gender Gap and Establish a New Sustainability Framework for the Public Pension System last March 2023Social contributions were increased and minimum pensions were strengthened, aiming for a retiree with a dependent spouse to have a minimum annual contribution pension of 16,500 Euros in 2027, 22% more than today.
There was a development in pensions last January.8.5% increase To face the coming months in connection with the annual increase in the CPI, retirees are wondering when the next increase in payrolls will occur, especially in an environment of rising inflation and rising prices of basic products and gasoline.
They warn of problems in Spain’s pension system
It was released on October 17 andl Mercer global index: A comprehensive study of global pension systems covering 65% of the world’s population. In its new edition, it ranks the Spanish pension system 26th out of 47 countries analysed, and 44th out of 47 countries if all variables except future financial guarantees are isolated.
Government sets date for next pension increase
Beyond updating CPI pensions, the pension reform envisages a gradual increase in minimum amounts. The goal of reaching 60% of the average income. Thus, pensions will be increased by 20 percent in 2024, 30 percent in 2025 and 50 percent in 2026, as agreed.
Therefore the next pension increase It will take place on January 1, 2024 however, beneficiaries will have to wait a few days to see it reflected in their bank accounts. From this date, minimum pensions, currently around EUR 13,500, will be increased by 20% and will gradually increase until they reach EUR 16,500 in 2027, in line with the targets of the Ministry of Social Security.
Moreover, Minimum retirement pension will be receivedWidowhood with family responsibilities will mean an increase of between 1,775 and 3,800 euros between 2024 and 2027.
Moreover, Between 2024 and 2050 In addition to the CPI update, maximum contribution bases will also increase by a fixed amount of 1.2 percentage points year on year, which could mean a cumulative increase of 58% by 2050, although the Government will assess contribution increases every five years. Maximum contribution bases.