Significant Pension Increases Announced for 2025 in Spain
In a move aimed at protecting the purchasing power of retirees, the Spanish government has announced a notable increase in pensions for the year 2025. This development is particularly significant for the over 10 million individuals receiving contributory pensions in Spain.
Pension Increase Details
Starting in 2025, contributory pensions will see an increase of 2.8%. This adjustment is based on the average year-on-year Consumer Price Index (IPC) from December 2023 to November 2024. As a result, the average retirement pension will rise to €1,481 per month, translating to an additional €560 annually. For the average pension within the system, this increase means a monthly amount of €1,296, which is €500 more per year[1].
Read more