He BBVA officially announced that October pension payments would be made next Friday, October 25, an announcement eagerly awaited by thousands of retirees. This advance, although common, facilitates financial planning for beneficiaries and was welcomed with satisfaction. In addition to retirees, those who receive permanent disability, widow’s, orphan’s and family member pensions They will also receive their benefits on the same date.
Although Social Security establishes that pensions must be paid between the 1st and 4th of each month, BBVA, like other banks, advances this payment until the 25th, which gives retirees a significant margin to manage your finances with more flexibility. This measure helps reduce the stress associated with managing daily expenses, such as rent and bills. Please note that if the 25th coincides with a public holiday, the bank will postpone payment to the following working day, thus guaranteeing the regularity of income. BBVA advises its clients to consult their office for confirm payment schedule and avoid surprises.
Pension payment
Contributory pensions are divided into 14 annual monthly payments, which include 12 payments plus two extraordinary payments: one in June and another in November. These additional payments are equivalent to a regular monthly payment.
He 3.8% increase in pensionsimplemented in January 2024, has been well received, helping retirees cope with inflation and the rising cost of living. This increase applies to both regular and extraordinary monthly payments, ensuring that all beneficiaries receive the same amount.
In the month of October, Interbank will be the first to pay pensions, with a payment scheduled for Wednesday October 23. CaixaBank and Santander They will make their payments on Thursday October 24. These dates are crucial, as many people rely on these pensions to cover their daily needs.
Friday, October 25 will be a significant day, as several entities will make their payments. BBVA, Sabadell, Ibercaja, Unicaja Banco, ING, Abanca, Laboral Kutxa and EVO Banca Inteligente They will coordinate your transfers for this date. Finally, PiBank You will make your payment by Monday, November 4.
Extra Christmas pay
THE amount of extraordinary pay for the month of November corresponds to an ordinary monthly payment, provided that the right to the pension has been recognized throughout the semester preceding its collection. According to Social Security, the amount of each extraordinary payment is equal to that of the ordinary monthly payment, and it is enough to have received the pension at least one day in the corresponding period to calculate it.
It is important to mention that not all retirees receive their income in 14 payments; Those whose pensions come from work accidents or occupational illnesses generally receive their salary supplement pro rata throughout the year. Among retirees who receive 14 payments, some will see a significant increase in their monthly income, particularly those who receive the maximum pension, which amounts to 3,175.04 euros in 2024. These beneficiaries could see a total income of more than 6 000 euros gross at the end of the year. end of November.
Third pension reform
On July 31, the Spanish government, in collaboration with the CCOO and UGT unions, as well as the CEOE and CEPYME employersreached an agreement at the Social Dialogue Table to reform the retirement and retirement system. This pact, which would be the third reform in three years, proposes several significant measures aimed at improving the situation of retirees and workers. Among these, the possibility of making the pension compatible with work, a new protocol for dangerous activities and optimization of the use of mutual insurance to facilitate the recovery of workers stand out.
Of the eight reforms approved, five target future retirees and three improve the conditions of workers. For example, incentives have been increased for those who decide delay retirement. From the second year of delay, 2% will be added every six months, an improvement compared to the previous regulations which only provided for annual increases.
Additionally, changes have been made to the active retirementthereby eliminating the requirement for a full career registration. Thus, those who delay their retirement by more than five years will be able to receive 100% of their pension. The age of access to partial retirement has also been increased, allowing permanent permanent workers to access relief contracts, which will allow them to combine work and retirement.
The reform also focuses on improvement of the rating system for permanent discontinuous workers and to accelerate temporary disability processes. A coefficient of 1.5 will be established for each day worked in order to improve the contribution, and agreements will be promoted to optimize diagnoses and treatments in the event of temporary incapacity.
Finally, a incentive system for companies that reduce workplace accidents, promoting a safer and more efficient working environment.
