Spanish National News

Pension Payments and Trends Reveal Insights

todayJanuary 1, 1970 9

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According to recent data, the Social Security has distributed ten million three hundred twenty-one thousand eight hundred sixty pensions in May, totalling thirteen billion five hundred thirty-two million euros. The number of pensioners remains above nine million three hundred thousand, with four million seven hundred thousand being men and four million six hundred thousand women. The average pension stands at one thousand three hundred eleven euros, marking a four point five percent increase year-on-year.

The report indicates that two thirds of pensioners rely on retirement pensions, which average one thousand five hundred five euros monthly. Notably, the average retirement pension from the General Regime is one thousand six hundred sixty-five euros, while the Special Regime for Self-Employed Workers averages one thousand eight euros. Since 2019, delayed retirement pensions have significantly risen to represent eleven point four percent of new pension claims.

As of April, the average age of retirement is now sixty-five point two years, compared to sixty-four point four in 2019. Additionally, one million seventeen thousand three hundred ten pensions also include a gender gap reduction supplement, primarily benefiting women, with the average amount being seventy-five euros per month.

In related news, the monthly payroll for Passive Classes pensions reached one billion six hundred seventy million euros in April, showing a five point nine percent increase from last year. The number of active Passive Class pensions stands at seven hundred twenty-four thousand four hundred ninety-five, an annual growth of two percent.

This article was written with AI assistance and reviewed by a human editor before publication.

Written by: TKONews

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