He Ministry of Inclusion, Social Security and Migration is preparing another increase in contributory pensions for next year 2025. In 2024 the increase was 3.8% and in the coming months everything indicates that they will be touched again to adjust them to the Consumer Price Index (CIP). The amount could be around 3% and will be established according to a formula taking into account inflation in recent months.
Next year, 2025 will be synonymous with good news for the more than 10 million Spanish pensioners. As already happened in 2024, in which contributory pensions were increased by 3.8% and non-contributory pensions by 6.9%, in the coming months a new increase in pensions will be announced in accordance with the Consumer Price Index (CPI) and with the aim of “guaranteeing the purchasing power of retirees and supporting the most vulnerable people”.
Last year’s increase translated into an increase of 52 euros per month and 734 euros per year for the retirement pensions of Spaniards, while the average pension of the system increased by 638 euros per year, which represents 46 euros per month. As for non-contributory pensions, which increased last year by 7,250.60 euros annually, which is equivalent to 517.90 euros per month in 14 installments. The intention of Government is to continue increasing by a higher percentage the pensions received by people who have not contributed for a minimum number of years and who are governed by Imserso and other autonomous communities.
How much pensions will increase in 2025
The 3.8% increase in pensions for 2024 is the result of the average of the CPI between December 2022 and November 2023. This average calculation is made with the formula established in Law 21/2021 of December 28, of guarantee of purchasing power. of pensions and other measures aimed at strengthening the financial and social sustainability of the public pension system. This is done in accordance with Recommendation 2 of the Toledo Pact, guaranteeing the purchasing power of retirees according to the evolution of the IPC.
This year, therefore, the same thing will happen again, taking as a reference the average variation of the IPC between December 2023 and November 2024. Knowing that inflation reached 2.2% in the last month of August and that forecasts by the end of the year put it at just over 3%. So the average of Annual Consumer Price Index It could be 3.06%, according to the first rough calculations made by the BBVA. According to data provided by the ministry, the Government He estimates that inflation will increase by 2% between 2024 and 2027, so pensions could grow around that amount between 2025 and 2028.
It should also be taken into account that following the new reform package, as of January 1, the maximum pension will be revalued with the CPI by an additional 0.115 percentage points. This increase will continue until 2025 next year.
Conditions for accessing contributory pensions
People who meet the conditions for accessing a contributory pension will be able to benefit from this increase, expected for 2025. To do this, you must have contributed for at least 15 years. Social securitytwo of which must be within the 15 years preceding the payment of the pension. In 2024, to be able to retire at age 65 and access 100% of this benefit, you must have a minimum of 38 years or more of contributions. If these conditions are not met, you must wait until you are 66 years and 6 months old. In 2025, to be able to retire at age 65, you will have to contribute for an additional three months in addition to age 38.
Among the contributory pensions are retirement pensions, which occupy the bulk of the budget and whose average pension is 1,443.1 euros, in addition to pensions for permanent disability, widowhood, orphans or family members.
As for contributory pensions, which are intended for people with less than 15 years of contributions, they are divided into retirement pensions and disability pensions, which are intended for people with a degree of disability equal to or greater than 65%. After an increase of 6.9% in 2024, they are expected to experience strong growth in 2025.
