Contributory pensions They are expected to rise by 2.8% in 2025, once the inflation data for November (2.4%) has been advanced, which allows the calculation of the revaluation for next year to advance.
2.8% is the increase that will be applied generally to contributory pensions, while the minimum and non-contributory pensions will have to increase above that figure, as was included in the last block of the pension reform.
According to data from the Ministry of Inclusion, the revaluation will mean that a pensioner who receives a pension of 1,441 per month (the average retirement pension) you will receive 1,481 euros per month in 2025, which represents an annual increase of 565 euros or 41 euros per month.
This increase benefits nearly 9.3 million people who receive 10.3 million contributory pensions, in addition to the 720,148 pensions corresponding to the State Passive Classes regime, which will also be revalued with the same index.
According to the 2021 reform, The annual revaluation of pensions is calculated with the average of the interannual inflation rates of the previous 12 months until November. The figure will be confirmed on December 13, when the final CPI data is published.
The Minister of Inclusion, Social Security and Migration, Elma Saiz, has highlighted in a note that This measure “is a guarantee of peace of mind” and has defended that the pension increase is “social justice.”
The maximum pension rises to 3,267 euros per month
The reform also established that the maximum amount of the initial contributory pension will be updated every year according to inflation with an additional increase of 0.115 cumulative percentage points each year until 2050. This means that the maximum will rise next year by 2.91%, to exceed 3,267 euros per month.
Until 2011, the year in which all pensions were frozen except the minimum and non-contributory ones, pensions were revalued each year according to expected inflation and then a compensatory payment was paid if the consumer price index (CPI) for November was greater than the set increase.
In 2013, a revaluation mechanism linked to the financial situation of Social Security was established, which It established a minimum increase of 0.25% while it was in deficit.
In 2018, this mechanism was de facto repealed with the recovery of the so-called “paguilla” that It was calculated with the average of the interannual CPI rates of the last 12 monthsinstead of with the November CPI as was traditional.
The formula was legally recovered in the 2021 pension reform after the parliamentary commission of the Toledo Pact recommended re-linking pensions to the CPI.
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