The minimum income will grow by more than 7% and the minimum income by 11.4%.
This Tuesday, the Government approved the general increase in public pensions in accordance with the increase in consumer prices that has been registered this year. The minister in charge of Social Security, Elma Saiz, has reported that pensions will generally be revalued by 2.7% starting in January 2026.
In addition, it has announced that minimum pensions will rise above 7% in 2026. An increase that in the case of a dependent spouse or widows with family responsibilities will be even greater, 11.4%. Similarly, Saiz, who begins his role as Government spokesperson this Tuesday, has revealed that non-contributory pensions will grow by 11.4%. Consequently, the minimum vital income (IMV) – a basic minimum income received by some 780,000 families in Spain – will also grow by 11.4%.
“The Government fulfills a commitment that is unbreakable: to offer pensioners the certainty that if prices rise, their pensions will also rise to meet day-to-day expenses,” Saiz said at the press conference after the ministers’ meeting.
The 2.7% increase for contributory pensions and those of the passive class regime will translate into about 570 euros more gross per year for a retiree who receives an average benefit. Thus, the average retirement pension would jump from 1,511 gross euros per month in 15 payments to 1,552 euros. It is worth remembering that pensions pay personal income tax depending on the amount, but not social contributions.
