MADRID, 29 Ago. (EUROPA PRESS) –
Social Security allocated in the month of August the record amount of 12,039.2 million euros to pay the ordinary monthly payroll of contributory pensions, 10.9% more than in the same month of 2022, as reported on Tuesday by the Ministry of Inclusion, Social Security and Migrations.
The ordinary monthly payroll for pensions exceeded 12,000 million euros for the first time in July and this month once again marks a new record.
The Department headed by José Luis Escrivá estimates that pension spending stood at 11.8% of GDP in the last twelve months, a figure slightly higher than that of 2022 (11.7% of GDP), but lower than that of 2020 (12.4% of GDP), a year conditioned by the impact of the pandemic on GDP, and also 2021 (12.1% of GDP).
In August of this year, 10,069,148 contributory pensions were paid, 1.2% more than a year ago, to just over 9.11 million pensioners.
After the rise in pensions with the CPI applied since the beginning of the year, the average retirement pension increased by 9.5% year-on-year in August, up to 1,375.7 euros per month.
For its part, the system’s average pension, which includes the different types of pension (retirement, permanent disability, widowhood, orphanhood, and in favor of relatives), also increased by 9.5% year-on-year, to stand on August 1 of this year. year at 1,195.65 euros per month.
