Pension changes and extra payments explained for retirees

No time to read?
Get a summary

pensioners who rely on a pension receive their regular monthly sums from the social security system, with additional payments issued in June and November through supplementary benefits.

The reform of pensions has led to an 8.5% increase, bringing good news for retirees this June. In the weeks ahead, many will be able to use these extra funds as planned, and 2023 also saw rises that broadened this support. The payment is typically scheduled to arrive from late June, with the exact date varying by bank.

News on pensions: the date for the supplementary summer pension has shifted

Bonus increase in 2023

Overpayments are a statutory right for workers and retirees alike, allowing two annual salaries to be absorbed as supplementary sums. These extra payments are governed by labor regulations and can benefit pensioners, often issued at the start of summer and again with the New Year’s period.

Pensioners, take note: what to expect from the upcoming additional income

Extra payments equal the same amount as a pensioner’s regular monthly installment. For example, someone receiving €1,100 this June will receive another €1,100, totaling €2,200 for the month.

The same logic applies in November, when the extra Christmas payout is scheduled. It should be noted that these additional payments do not reach every retiree automatically; eligibility is often proportional to the pension being received and varies by individual circumstances.

Have you ever checked your entitlement? Learn about the pension you qualify for

The average pension has risen, with typical gains reflected in higher monthly amounts. For many retirees, June will bring a noticeable uplift, and when the extra payment is included, the total can be around two thousand seven hundred euros, depending on the base pension and any applicable caps or additions.

No time to read?
Get a summary
Previous Article

Real Sociedad vs Sevilla: La Liga clash and Champions League fate

Next Article

Sergio Ramos to Leave PSG at Season’s End, Club confirms