The Government confirms the 2.5% rise in pensions in 2022 and extends the ‘pay’ to the beneficiaries of the minimum income

With the CPI for November confirmed at 5.5%, the Ministry of Inclusion, Social Security and Migration has corroborated what the calculations already indicated with the inflation data advanced at the end of last month: contributory pensions will be revalued in 2022 a 2.5%.

The rise, which corresponds to the formula agreed with the social agents in July and by which pensions are linked to the CPI to avoid losses in purchasing power, is the result of the average inflation between December 2020 and November 2021 , the latter, confirmed today by the National Statistics Institute (INE), which has lowered the initial forecast by one tenth but maintains the price rise at its highest level since September 1992.

With this 2.5% revaluation, the minimum pension of retirement in 2022 will be 10,103.8 euros per year (721.7 euros per month in 14 payments) in the case of a single family, compared to 9,808.4 euros in 2021, and will reach up to 12,467 euros with a dependent spouse (in 2021, was 12,103 euros). For its part, maximum retirement pension It will stand next year at 39,468.66 euros per year (2,819.1 euros per month), 962.78 euros more than in 2021.

In November 2021, there were 8.9 million recipients of contributory pensions (which include retirement, permanent disability, widowhood, orphanhood and in favor of relatives) and 9.9 million pensions.

As indicated by the Ministry led by José Luis Escrivá, pensions for passive classes will also rise by 2.5% in 2022.

There will be compensatory pay also for the beneficiaries of the Minimum Living Income (IMV)

These revaluations are added to those previously announced of 3% for minimum pensions, non-contributory pensions and Minimum Vital Income (the guaranteed income for the family unit made up of an adult will be 5,899.6 euros) that will be applied in the second half of January.

But in addition, the Government has confirmed today that the beneficiaries of the Minimum Vital Income (IMV) will also receive, like pensioners, a compensatory pay since the payroll was revalued by 0.9%, 1.6 points below the average rise Of the prices. The one known as ‘paguilla’, seeks to compensate the difference between the rise in prices and the revaluation applied in 2021.

Average inflation, higher than estimated at the beginning of the year, will mean an extra outlay above the 2,000 million euros that the Executive will have to allocate to that compensation. As José Luis Escrivá has indicated on occasion, the ‘pay’ is not going to exceed the expenditure forecast because Social Security is “clearly collecting more” than estimated, because the economy “is working better and better.”