November 28, 2020

Minimum contributory pensions will rise between 2 and 11 euros per month in 2021




The minimum contributory pensions will go up next year approximately between 2 and 11 euros per month with the revaluation of 0.9% announced by the Government and contemplated in the draft General State Budgets (PGE) for 2021.

Specifically, with the 0.9% increase, the amount of the minimum pension for 65-year-old retirees with Dependent spouse will remain at 851 euros per month in 14 payments (compared to 843.4 euros per current month); that of without a spouse (one-person economic unit) at 689.7 euros (currently 683.5 euros), and that of with a non-dependent spouse at 654.6 euros per month (compared to the current 648.7 euros).

For the retirees under 65, the minimum pension with a dependent spouse in 2021 is set at 797.9 euros per month (790.7 euros currently); without a spouse at 645.3 euros per month (639.5 euros now), and with a non-dependent spouse at 609.9 euros per month (604.4 euros currently).

For its part, the maximum retirement pension will be 2,707.49 euros next year per month for fourteen payments, compared to 2,683.34 euros per month this year.

The minimum widowhood pensions will rise in 2021 between 4.7 and 7.2 euros per month, depending on the circumstances. Specifically, the minimum widowhood pension for holders with family dependents will be 797.9 euros per month, in contrast to the current 790.7 euros per month.

In the case of being over 65 or having a disability greater than or equal to 65%, the minimum widow’s pension will be 689.7 euros per month, which is 6.2 euros more than now.

If the holder of the widow’s pension is between 60 and 64 years old, the amount in 2021 will be 645.3 euros per month (639.5 euros currently), while in the case of beneficiaries under 60 years of age the benefit will be 522.5 euros per month (517.8 euros this year).

For its part, minimum contributory pension for severe disability it will rise in 2021 to 1,276.5 euros per month (1,265.1 euros currently) if the spouse is in charge, and will rise to 1,034.6 euros if the spouse is not in charge (one-person economic unit), in contrast to 1,025 , 3 euros per month current.

The minimum pension per absolute or total disability of holders with 65 years of age with a dependent spouse will be 851 euros per month next year, in contrast to the current 843.4 euros, while that of those who do not have a dependent spouse (one-person economic unit) will be 689.7 euros per month (683.5 euros currently).

In the case of orphan’s pensions, The minimum amount will be 210.8 euros per month per beneficiary next year (now it is 208.9 euros), while if the beneficiary is under 18 years of age and has a disability greater than or equal to 65%, the amount will be 414 , 7 euros a month, almost four euros more than this year.

The minimum pension in family favor in 2021 it will be 210.8 euros per month, compared to 208.9 euros today, while the pension of the extinct Compulsory Old Age and Disability Insurance (SOVI) will be 441.7 euros per month in the case of old age, disability and widowhood (437.7 euros now) and if they concur with a public widowhood pension it will amount to 428.7 euros per month (424.8 euros today).

The Budgets for 2021 contemplate a expenditure on contributory pensions, including minimum ones, of € 143,046 millionos, which represents an increase of 3% compared to the year 2020. This increase has taken into account the revaluation of pensions of 0.9%, the increase in the group of pensioners and the variation in the average pension.

The last payroll of contributory pensions, corresponding to the month of October, reached a record figure of 9,930.1 million euros, 2.2% more than in the same month of 2019. The total of contributory pensions paid last month was of 9,773,471, which is 8,119 more benefits than in September and almost the same figure as a year earlier.

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