An important novelty will come to them in the face of 2024
We may still be in the middle of summer, but many pensioners are already thinking about the important novelty that will come to them in the face of 2024.
As many of you already know, Contributory retirement pensions will be updated based on the variation of the Consumer Price Index (CPI); if in 2023 inflation caused pensions to rise by 8.5%, in 2024 the Government once again guarantees that pensioners will not lose purchasing power based on the CPI for November.
On the other hand, the monthly amount of all those people who receive the lowest pensions will be increased, guaranteeing in 2027 that the minimum benefits are equal to 60% of the median income in Spain.
This translates into progressive increases: in January 2024, will be increased to reduce by 20% to the difference between the reference amount of the contributory pension for retirees with a dependent spouse and the poverty threshold of a household of two adults.
“The reference amount of the pension will be additionally increased by the percentage necessary to reduce the existing gap by 20%“, this is how the blog explains it my retirement of BBVAan interesting source for all those who want to find out about pensions.
In summary, minimum contributory pensions with dependent spouse will go from 966.20 euros to 1,178.50 euros per month22% higher, thus increasing 212.37 euros per month or 2,972 euros more per year in 14 payments.