Pension spending for November reached 23.923 million euros, driven by the inclusion of an extraordinary salary supplement of 11.823 million on top of the standard monthly payroll of 12.1008 million.
Data released on Tuesday by the Ministry of Participation, Social Security and Migration show that pension expenditures in November accounted for 11.5% of gross domestic product (GDP).
During the month, contributions-based pensions totaled 10.1 million, supporting more than 9.1 million retirees.
Nearly three-quarters of the contributions-based pension payroll were for ordinary pensions, specifically 73%, which equals 8.839 million cases.
The pension payroll for survivors and other categories included 2,010.9 million euros for widowhood benefits, 1,055.7 million euros for permanent disability, 163.2 million euros for orphanhood, and 32 million euros for benefits to family members.
In numeric terms, 10,101,961 contributions were paid for pensions, with 6,415,552 allocated to retirement pensions, 2,355,361 to widowhood, 945,141 to permanent disability, 340,491 to orphanhood, and 45,416 to relatives.
The number of pensions continues to rise year over year at a rate of 1.3%.
Average monthly cost for the system is close to 1,200 euros, with the system-wide average pension amount at 1,197.9 euros per month.
By category, the overall average pension stands at 1,377.7 euros, while the average widow’s pension reaches 853.7 euros per month.
For the general regime, the average monthly pension is 1,533.7 euros, whereas self-employed workers receive an average of 917.6 euros per month.
New retirement records emerged in October 2023, when the monthly average within the system rose to 1,409.6 euros, according to the latest data available.
Also in November, 619,832 retirees received gender gap supplements, with women representing 90.7% of recipients (562,184).
The average monthly amount of this pension supplement stands at 65.4 euros.
On the other hand, the monthly payroll of passive classes grew to 1,514.8 million euros in October, according to the most recent figures.