This 2024 will be a good year for us pension Since the reform approved by the former Minister of Social Security and now the President of Digital Transformation will be implemented, José Luis Escrivá. The portfolio currently leads Elma Saiz confirmed how this year’s increase will be Taking into account the revaluation of the Consumer Price Index (CPI) and applying the percentages corresponding to the above-mentioned change.
According to Escrivá, the aim of the new Pensions Law is: “Guaranteeing the long-term sustainability of the public pension system and maintaining proportionality Between contributions to the system and benefits expected from the system“. He also wants to provide a reasonable income every month to everyone who receives a pension.
How will pensions increase in 2024?
The annual gradual increase will come into force next year, so that the value will increase by 2027. pension It will be at least 70 percent higher than by 2023. Compared to this year, the increase will be as follows: 20% in 2024, 10% in 2025, 20% in 2026, necessary adjustments will be made until 2027 Because the pension amount and the poverty line are the ultimate goal of this gradual increase.
On the other hand, Pensions subject to contribution will increase by 3.8% due to CPI, Meanwhile he Minimum Income those who do not pay premiums will increase by 6.9 percent, while the widowhood rate with familiar faces will increase by a remarkable 14 percent.
MonthlyThe state spends €12,100.8 million on pensions, equivalent to 11.5% of Spain’s GDP. “Thanks to the pension reform approved in 2021, with the contribution of social actors and political parties that voted in favor, the Spanish Government protects the purchasing power of our retirees for the third year in a row,” Elma Saiz said in the video she shared on social media. cries.
This will be the minimum pension
There is a minimum pension amount determined by law for retirees who receive contributions lower than these amounts, As long as they prove a certain lack of income. This is done to ensure that all beneficiaries have enough money to get by.
According to the government: “The new approved text strengthens the protective action of the system by improving the minimum pensions of elderly pensioners living alone, whether it is pension, disability or widow’s pension. Increases in minimum pensions have lifted a significant number of them above the relative poverty threshold, but situations of deprivation still exist.”
Minimum pension according to law will vary between 783.07 euros and 1,549.35 euros per monthIt all depends on whether the pensioner has access to this service from the age of 65, is coming from permanent disability due to serious disability, or has a dependent spouse. They also increased by 5% or 7% depending on personal circumstances.
Minimum pensions remain as follows:
Retirement for ages 65 and above:
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Pensioners with a dependent spouse: 1,032.85 Euros per month (14,460 Euros per year)
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Pensioners without a spouse: 837.07 euros per month (11,719 euros per year)
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Pensioners with a non-dependent spouse: 794.5 Euros per month (11,123 Euros per year)
Retirement due to severe disability at age 65:
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Pensioners with a dependent spouse: 1,568.64 Euros per month (21,961 Euros per year)
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Pensioners without a spouse: 1,255.71 euros per month (17,580 euros per year)
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Pensioners with a non-dependent spouse: 1,191.78 Euros per month (16,685 Euros per year)
Retirement under 65 years of age:
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Pensioners with a dependent spouse: 968.35 Euros per month (13,557 Euros per year)
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Pensioners without a spouse: 783.07 euros per month (10,963 euros per year)
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Pensioners with a non-dependent spouse: 811.64 Euros per month (11,363 Euros per year)