2024-01-01 06:30:41
The pensions of retirement They are the benefits that the greatest number of people receive in Spain. They are around six million beneficiaries of the same and are technically framed as ‘contributory pensions‘, since its amount depends on the contribution that each individual has made to the common Social Security fund during their working life. And, as established by law in the latest pension reform, all contributory benefits, regardless of the Government in power, rise each year to the same level as the CPI, to maintain their purchasing power.
Consequently, the average retirement pension, 1.380 euros per month, it will increase 52 euros per month. In 2024 it will be the third year in which the new formula that the former Minister of Inclusion and Social Security, José Luis Escrivá, agreed with employers and unions to automatically revalue contributory benefits each year. This is the result of calculating the average inflation between December of the previous year and November of this year. What has ended up resulting for the next year that 3,8%.
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