The subsidy for people over 52, the vital aid provided by the State Public Employment Service (SEPE) to unemployed people who have difficulty re-entering the labor market, may face some downsides. Major changes as of January 1, 2024.
Expected with the new coalition government SEPE aid revalued in line with the Multiple Impact Public Revenue Indicator (IPREM)However, the extent of this correction has not yet been determined.
IPREM is a reference index used in the provision of aid, subsidies and unemployment benefits. We may see an increase in 2024.
IPREM is rising
This indicator, which replaced the Minimum Interprofessional Wage in 2004, has experienced annual increases to benefit disadvantaged families and groups experiencing economic difficulties. IPREM, which reached 600 Euros per month in 2023, is expected to continue its upward trend in 2024.
Amount of subsidy currently provided to people over 52 Equivalent to 80% of IPREMThis means 480 euros per month for beneficiaries until they find a new job or reach retirement age.
Regarding the possible increase in the amount of subsidies for people over 52 in 2024, both the Head of Government Pedro Sánchez and the Deputy Head of the Government of Spain Yolanda Díaz stated in the appointment debate in November: 15 An increase in both the IPREM and the Minimum Interprofessional Wage in the next legislature Waiting. However, the exact amount of this increase has not yet been determined.
An increase in the Minimum Interprofessional Wage based on the Consumer Price Index (CPI) or inflation could have a positive impact on unemployment benefits for people. over 52 years old. One of the SEPE requirements is that unemployed people receiving the subsidy must demonstrate a lack of income and fail to exceed the threshold of 75% of the Minimum Interprofessional Wage each month. With the revaluation of the CPI, this threshold will increase, meaning unemployed people aged 52 and over will be able to access the subsidy.
The possible increase in IPREM and Minimum Interprofessional Wage in 2024 indicates: Increase in both the amount of aid for people over 52 and the number of beneficiaries Who can access this important help? These changes could have a significant impact on the lives of those dependent on this subsidy and may reflect government efforts to meet the economic needs of the unemployed population.