Good news for retirees: 1000 euro limit will be lifted in 2024

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Next year, our country will experience a significant change in retirement policy, especially in widow’s pension. As announced this Tuesday by the Minister of Inclusion, Social Security and Immigration, Elma Sainzwidow’s pension received by people with family responsibilities, 14% increase, We exceeded the 1,000 Euro limit per month for the first time. This increase is in line with existing government policies aimed at revaluing minimum pensions in various sectors. 5% to 7%during Minimum Living Income (IMV) will be adjusted by 6.9%.

The importance of this increase is reflected in the context of contributory pensions in Spain, which have been adjusted annually since the last reform. Consumer Price Index (CPI) recorded media. expected until 2024 increased by 3.8 percent pension like retirement. It is important to emphasize that the increase criteria for non-contributory and minimum pensions depend on the government, leading the current minister to propose increases ranging from 5% to 14%.

If we consider that widows’ pensions are the biggest beneficiaries in Spain after pensions, the impact of these increases is remarkable. As of November of last year, Social Security paid out 10.1 million contributory pensions, 2.3 million of which were widow benefits. Among widow pensions, the government is focusing on increasing pensions for people with family responsibilities, whose pensions are currently among the lowest in the system. It increases from 906 euros to 1,033 euros per month.

Although the amounts have not been determined yet Survivor’s pension for people over 65 or disabled and people under 65The government is expected to announce these before the end of the year and will be published in the Official Government Gazette (BOE) before December 31. This pay range Between 593.30 euros and 783.10 euros.

This increase in minimum and survivor pensions is a response to an earlier agreement reached between the then Minister of Social Security and EH Bildu during the last legislative session, which guaranteed Basque support for pension reform.

As for future negotiations, Minister Sainz is expected to agree on exact amounts with employers and unions and a meeting will be held to discuss these issues next Monday. Additionally, Sainz plans to appear before the Toledo Pact Parliamentary Committee soon.

single box

Regarding PSOE’s commitment to transfer the Social Security economic regime to Euskadi, the minister reaffirmed the unity of the single Social Security fund and the principle of solidarity between autonomous communities.

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