Social Security allotted within the month of March the file quantity of 11,945.6 million euros to the cost of contributory pensions, 10.8% greater than in the identical month of 2022, after its revaluation by 8.5% for this 12 months, as reported this Tuesday by the Ministry of Inclusion, Social Security and Migrations.
The Department headed by José Luis Escrivá estimates that pension spending stood at 11.7% of GDP within the final twelve months, the identical share as in 2022, however decrease than in 2020 (12.4% of GDP). 12 months conditioned by the affect of the pandemic on GDP, and in addition that of 2021 (12.1% of GDP).
In March of this 12 months, 10,019,006 contributory pensions had been paid, 0.9% greater than a 12 months in the past. Of the entire pensions, greater than 6.33 million had been retirement pensions and a couple of.35 million had been widow’s pensions.
The common retirement pension reaches 1,372 euros monthly
After the rise in pensions with the CPI utilized because the starting of the 12 months, the common retirement pension elevated by 9.7% year-on-year in March, as much as 1,372 euros monthly.
For its half, the common pension of the system, which incorporates the several types of pension (retirement, everlasting incapacity, widowhood, orphanhood and in favor of kin), additionally elevated by 9.7% year-on-year, reaching 1 March of this 12 months. 12 months at 1,192.3 euros monthly.
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