September 26, 2020

Spending on pensions rises 2.3% in August, to 9,904 million euros, and sets a new record


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The Social Security allocated this August the record figure of 9,904 million euros to the payment of contributory pensions, 2.3% more than in the same month of 2019, as reported this Friday by the Ministry of Inclusion, Social Security and Migration.

August spending was higher than the previous month (9,882 million) due to the increase in the number of pensions compared to July by 10,506 benefits, up to 9,777,556 contributory pensions.

Of the total pensions in force as of August 1, 62.3% (6,091,312 pensions) were retirement; 2,352,543 corresponded to widowhood benefits; 950,119 to permanent disability; 340,621 to orphans and 42,961 were pensions for family members.

Of the 9,904 million euros that were used to pay all these pensions, more than two thirds went to retirement pensions (7,092.2 million euros, almost 2.9% more). 1,710.3 million (+ 1.5%) were allocated to widowhood pensions, 936.2 million (-0.3%) were allocated to permanent disability pensions, while spending on orphan pensions was 139, 8 million (+ 1%) and that of benefits in favor of family members, 25.4 million (+ 3.08%).

With data from July, the number of registered pension registrations was 49,521 pensions, 7.1% more compared to the same month last year, due to increases of close to 12% in retirement and widowhood registrations.

In the accumulated between January and July there have been 293,752 registrations, that is, new pensions, a figure 14.8% lower than the same period in 2019. At the same time that registrations have decreased, registrations have increased: in the The first seven months of the year have caused 317,669 pensions drop, 12.9% more. The greatest increases in sick leave were registered in widow’s pensions (+ 16.5%) and retirement (+ 14.1%).

The Ministry emphasizes that these data reflect the effect of the pandemic and are due, in part, to the closure of offices during the state of alarm and the confinement situation, which made «Many citizens» will postpone their efforts with Social Security. “We must also take into account how the pandemic has influenced in terms of mortality on the population as a whole and, to a greater extent, on the group of older people,” he adds.

The average retirement pension at the beginning of this month was 1,164.3 euros per month, 2.1% more than in the same month of 2019. For its part, the average pension of the system, which includes the different types of pension (retirement, permanent disability, widowhood, orphanhood and in favor of relatives) reached 1,012.9 euros per month in August, which represents an interannual increase of 2, 07%. The average widow’s pension, meanwhile, rose by almost 2%, to 727.04 euros per month.

Regarding the new pension additions, their amount was higher than the system average and 3.1% higher than the amount of the new pensions in 2019. In the month of July, the latest date available, the pensions corresponding to the new retirement registrations were 1,379.9 euros per month. Those of the General Regime reached 1,500.5 euros per month.

On the other hand, the number of pensions belonging to passive classes in July reached the figure of 635,281, with a monthly expense of 1,150.3 million euros.

The State Passive Classes Regime fundamentally includes military personnel and officials of the General State Administration, the Administration of Justice, the General Courts and other constitutional or state bodies, as well as officials transferred to the autonomous communities.

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