The general increase in pensions is expected to be 2.8% in 2025. This results from the provisional CPI data for November, 2.4% interannual, with which the annual revaluation of these benefits can now be calculated. Since the 2021 pension reform of the previous coalition government, which once again linked the rise in pensions to prices, the general revaluation is applied according to the average CPI of the previous year, which on this occasion is located at 2.8 %.
This is still provisional data, until the INE publishes the final CPI data for November in a few days, and the general increase in pensions is confirmed. In any case, this average figure does not usually change, although the November record varies slightly.
The Ministry of Social Security confirmed the increase this morning. “Almost 10.3 million contributory Social Security pensions will increase by 2.8% in 2025,” indicated the department headed by Elma Saiz. The more than 720,000 Social Security Class pensions are also revalued at 2.8%.
The increase could mean “close to 600 euros per year for an average retirement pension and 500 for the system’s average pension,” the Ministry has highlighted.
Specifically, a pensioner who receives a pension of 1,441 euros per month (the average retirement in 2024) “will receive a pension of 1,481.35 euros per month in 2025,” which represents an annual increase of 564.87 euros, it indicates. Social Security.
“The revaluation of pensions in accordance with the rise in prices is a measure of social justice, which ensures that those who have worked and contributed throughout their lives maintain their purchasing power,” Minister Elma Saiz stated this morning.
It remains to know the minimum and non-contributory pensions
Beyond the general increase data, it remains to be known how much the minimum and non-contributory pensions will rise, which the Government has been increasing above prices in recent years, also the result of the pension reforms approved by the previous coalition Executive. .
Specifically, for the second block of the 2023 pension reform, in which it was agreed that these lower pensions would rise further until 2027, to reduce their margin with the poverty threshold.
This 2024, for example, minimum and non-contributory pensions increased between approximately 5% and 7%, although some modality reached an increase of 14%, compared to the general increase of 3.8%, according to the average CPI .
The maximum pension is expected to reach 3,267 euros
On the other hand, although there is no official confirmation from the Ministry of Social Security, it is estimated that the system’s maximum pension reaches 3,267 euros per month, 2.9% more than this year, which is 3,175 euros. monthly.
The increase in the maximum pension is somewhat higher than the general increase in benefits because in the second block of the pension reform it was agreed that the highest salaries would contribute more to the Social Security system and, in parallel, the maximum pensions They would also increase somewhat more.
In 2024, this deployment of this higher contribution for high salaries, for the maximum contribution bases, began, which increases each year with the CPI plus 1.2 percentage points. On the other hand, 2025 will be the first in which the progressive increase in the system’s maximum pension is applied, which in its case is the average CPI plus 0.115 percentage points each year. Thus, in 2025 the increase results in 2.915% more for the highest pensions in the system.
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