Pensioners will be without the traditional January “paguilla” in 2023. this increase in pensions gathered in General budgets of the statealready approved for next year, It’s “criminal” for retirees to stop collecting this “extra salary” in order to reduce the loss of purchasing power caused by the difference between CPI and government forecast.
this legislative changes entered into The pension system guarantees purchasing power by linking retirees to the Consumer Price Index (CPI).Like this In 2023, retirees will no longer receive the January payment. In this way, both premium and non-contributory pensions will be updated according to the average value of the annual percentage increases in the CPI between December 2021 and November 2022.
expected by 2023 increase in pensions to be 8.5%Thus, the average pension in Spain, which was 1,256 Euros per month in September, will reach 1,363 Euros with this increase.
The amount of non-contributory pension is set at 5,899.6 euros per year for 2022. (EUR 421.4 per month for 14 payments), i.e. after applying an 8.5% increase in 2023 the amount will increase to 6,401 Euros, ie 457.21 Euros per month.
However, it should be noted that a temporary increase has been applied to the amount determined for non-contributory pension for 2022 since last July – until 31 December 2022. To mitigate the effects of the war in Ukraine.
This means that since last July and until the end of the year, the monthly amount of non-contributory pensions has increased from 421.4 euros to 484.5 euros per month.
We’ll see if the Executive extends the deadline in November.Whether there is a temporary increase in premium pensions and, if so, by what percentage.