The advance inflation data published by the INE leaves already closed, only in the absence of definitive confirmation in the middle of the month, the revaluation of the pensions for the year 2022. According to the calculations of Cinco Días based on the data of the CPI and the Executive announcements, the maximum pension will escalate in 2022 to reach 39,474 euros in 14 payments, which represent 2,820 euros per month. This pension increases by 112 euros over the 2,707 in 2021.
Pensions are revalued with the average inflation of the last 12 months, not with the inflation at the end of November; the rapid rise in the CPI this autumn explains the gap between the average 2.5% and 5.6% year-on-year. Before applying this revaluation, and after the 0.9% increase in pensions in 2021, pensioners will now receive the compensatory pay – known colloquially as pay – for the deviation from 0.9% to 2.5% final, that is, 1.6%.
The minimum pension, meanwhile, will remain at 12,468 euros (for a pensioner with a dependent spouse), which in 14 payments is 890.55 euros per month, 40 more than the 851 in 2021. In this case, in addition to the so-called pay, retirees with the minimum pension they receive a 3% increase. For all other pensions, the rise is marked by inflation, 2.5%. This percentage, plus the previous 1.6%, is applied to the almost nine million pensioners who receive close to 10 million pensions (around one million of them receive two benefits).
The rest of the minimum pensions also increased by 3% plus 1.6%: the minimum widow’s pension stands at 11,689 euros in 14 months (834 euros per month) in case of having family dependents; if it does not remain at 721. The minimum retirement pension for pensioners without a dependent spouse remains, meanwhile, at 685 euros (provided that the retiree is over 65 years of age).
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