The payment of the ordinary monthly payroll of contributory pensions In Spain it reached the record figure of 12,895.8 million euros in the month of October, which is almost 6.8% more than in the same month last year. This was reported this Friday, October 25, by the Ministry of Inclusion, Social Security and Migration.
The ordinary monthly payroll of the pensions It exceeded 12,000 million euros for the first time in July 2023 and this month it once again sets a new record after the rise of pensions contributory by 3.8% by 2024. In October of this year, 10,238,434 contributory pensions were paid, 1.5% more than a year ago, to 9.3 million pensioners.
What is the average retirement pension
After the increase in pensions with the CPI applied since the beginning of the year, the average retirement pension increased 5% year-on-year in October, up to 1,447.4 euros per month.
The average pension of the systemwhich includes the different types of pension (retirement, permanent disability, widowhood, orphanhood and for family members), increased 5.2% year-on-year, until reaching 1,259.6 euros per month on October 1 of this year.
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