We are now in 2024 and those who benefit from it permanent disability pension They will experience a significant change in Spain. According to the Ministry of Inclusion, Social Security and Immigration, led by José Luis Escrivá, these pensions are expected to reach 20% of the average income. This news is especially relevant for the more than one million citizens who currently receive such benefits. pension.
Revaluation of pensions expected in 2024: How much are total permanent disability pensions increasing?
As part of the second phase of reform pensionAn announcement was made Automatic reassessment of pensions from 1 January 2024Adjustment to inflation without the need for special participation in the General State Budgets. With an interannual inflation figure of 3.8% between December 2022 and November 2023, the government has confirmed that the revaluation of these pensions will follow the pace of the Consumer Price Index (CPI). However,How much will total permanent disability benefits increase in 2024?? This is the question many people ask.
How much do total permanent disability benefits increase: The impact of the CPI
The CPI-based revaluation method ensures that the purchasing power of permanent disability pensions is preserved. The average permanent disability pension will increase by an average of 42.44 euros to 1,159.44 euros per month in 2024, compared to the current 1,117 euros. This indicates a positive trend towards reducing the income gap, with the target of reaching 20% of average income by 2024.
How much do total permanent disability benefits increase under different regimes?
The increase will affect not only general pensions but also specific programs. For example, In the General Regime, the pension will increase to 1,180.65 euros. The salary of self-employed workers will increase to 879.39 euros per month. Other regimes, such as those for maritime and coal mining workers, will see even more significant increases, reaching €1,585.44 and €1,939.79 per month respectively. These figures are very important in understanding how much total permanent disability wages will increase in various sectors.
Long-term perspective: Where are we going?
Beyond 2024, The government’s plan is to continue increasing pensions to 30 percent of average income in 2025, 50 percent by 2026 and, if necessary, up to 75 percent by 2027. To cross the poverty line. This is an important fact when wondering how much total permanent disability benefits will increase in the coming years.
Increase in contribution bases and non-contributory pensions
Also from 2024 to 2050 Additional increase of 1.2 percentage points in contribution bases. This increase is vital for the long-term sustainability of the pension system. It is also worth emphasizing that non-contributory pensions for both retirement and disability will experience greater growth than contributory pensions, following the trend of recent years.
In summary, 2024 marks an important milestone towards achieving greater fairness in permanent disability pensions. Beneficiaries can expect a significant improvement in their quality of life, with significant increases across all categories and programs.