They currently live in Spain. Ten million people receive a monthly pension as they reach retirement age. This figure represents more than one fifth of the country’s population and is projected to rise in the coming years.
The joy of retirees: The most anticipated change in pensions
This is a pressing retirement issue because funds are stretched and not enough money is available to support the growing number of retirees. Inflation across essentials compounds the challenge, leaving many seniors financially vulnerable. In response, Imserso released a package of aids aimed at providing relief to a portion of retirees.
Good news for retirees: this will be your new pension from 2024
Check exceeding 500 Euros
Retirees who receive premium-free benefits may also qualify for an additional 525 euros to help cover housing costs. This supplementary payment targets individuals whose income falls below 50 percent of the Social Minimum Indicator (SMI).
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Recognition of non-contributory Social Security retirement or disability benefits at the application and decision dates.
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Not owning a home.
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Be the owner of the rented dwelling under a rental agreement.
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There should be no marriage or close family ties up to the third degree with the landlord.
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The rented residence must be established as the normal home. The rental period should be at least one year, and residents must have lived there for at least 180 days prior to the application date.
New date for raise in pensions: Retirees will be happy
This aid is administered by local authorities, so applicants should use official channels to apply. The maximum application period expires on December 31.