As 2025 approaches, pensioners in Spain are set to benefit from a significant revaluation of their benefits. The Council of Ministers has approved a Royal Decree-Law that will increase Social Security pensions, State Passive Classes, and other public benefits starting January 1, 2025. This increase, amounting to 2.8%, aims to offset inflation and rising living costs, ensuring that pensioners maintain their purchasing power.
Table of Contents
Overview of Changes
The revaluation applies to:
- Contributory pensions.
- Non-contributory pensions.
- State Passive Classes benefits.
- Households receiving the Minimum Vital Income (IMV).
- Allowances for dependent children with disabilities of 65% or more.
This revaluation reflects Spain’s commitment to protecting vulnerable groups and addressing financial challenges tied to healthcare and caregiving expenses.
Key Impacts
- Average Retirement Pension: Pensioners receiving an average retirement pension will see approximately €600 more annually.
- System-Wide Pension Increase: Average pensions in the system will rise by around €500 annually, benefiting 9.3 million recipients of contributory pensions and 720,148 State Passive Classes pensions.
Increases in Minimum Pensions
Minimum pensions and related benefits will experience targeted increases beyond the general 2.8%:
- Minimum Pensions: A rise of 6%.
- Pensions with Dependent Spouses and Widows with Family Responsibilities: A 9.1% increase.
- Non-Contributory Pensions and IMV: Revalued by 9%.
Specific Amounts for 2025
| Pension Type | 2024 Amount (€) | 2025 Amount (€) | Increase (%) |
|---|---|---|---|
| Minimum Retirement Pension (Single) | 11,552.8 | 12,241.6 | 6% |
| Minimum Retirement Pension (Dependent Spouse) | 14,466.2 | 15,786.4 | 9.1% |
| SOVI Non-Concurrent Pension | 529.2/month | 560/month | 6% |
| SOVI Concurrent Pension | 512/month | 543.6/month | 6% |
Allowances
Allowances for children or minors with disabilities will also increase by 2.8%:
| Disability Level | 2024 Amount (€) | 2025 Amount (€) |
|---|---|---|
| 65% or Greater | 5,805.6/year | 5,965.8/year |
| 75% or Greater | 8,707.2/year | 8,951.6/year |
Minimum Vital Income (IMV)
- IMV and Non-Contributory Pensions: Revalued by 9%, providing additional financial support to the most vulnerable households.
- SOVI (Mandatory Old Age and Disability Insurance): Monthly benefits will rise to €560 for non-concurrent pensions and €543.60 for concurrent pensions, reflecting a 6% increase.
Social Justice
Minister Elma Saiz of Social Security emphasized the importance of these updates, stating that 25% of Spain’s population will benefit. She described the measure as an act of “social justice,” ensuring the protection of vulnerable groups, particularly those dependent on minimum and non-contributory pensions.
These adjustments aim to shield pensioners from financial strain caused by inflation and rising costs. Whether you receive a contributory pension, non-contributory benefit, or a related allowance, the revaluation will bring meaningful financial relief in 2025. Pensioners are encouraged to review the updated rates and consult with relevant agencies to understand how these changes may impact their specific circumstances.
FAQs
What is the pension increase for 2025?
Pensions will rise by 2.8% starting January 1, 2025.
Which pensions see a 9% increase?
Non-contributory pensions and Minimum Vital Income will increase by 9%.
What is the new minimum retirement pension?
It will be €12,241.6 annually for single pensioners.
How much will dependent child allowances increase?
Allowances rise to €5,965.8 for 65% disability and €8,951.6 for 75% disability.
Who benefits from these revaluations?
Contributory and non-contributory pensioners, IMV recipients, and others.
