The revaluation means approximately 600 euros extra per year for people with an average old-age pension, while the average pensions in the system will increase by around 500 euros per year.
Premium pensions will increase by approximately 2.8% in 2025 thanks to the revaluation formula included in the Pension Reform Law, which takes into account the average interannual CPI as a reference to determine the increase in these benefits (as of December of the previous year). until November of the current budget year), the Ministry of Inclusion, Social Security and Migration reported on Thursday.
The National Institute of Statistics (INE) published this Wednesday the preliminary data of the CPI for November (2.4%), which allows to predict how many premium pensions will be revalued in 2025 by taking the average of the previous twelve months. in this case December 2022-November 2023.
The resulting calculation is 2.8%, so premium pensions will increase around that percentage next year.
In any case, the ministry recalls that we will have to wait for the final CPI data for November, which the INE will publish on December 13, to confirm the exact percentage increase in pensions for 2025, although the final CPI data is almost never vary, or ever a tenth.
The revaluation means approximately 600 euros extra per year for people with an average old-age pension, while the average pensions in the system will increase by around 500 euros per year.
This increase will benefit the almost 9.3 million people who receive 10.3 million premium pensions, in addition to the 720,148 pensions corresponding to the state’s Passive Classes regime, which will also be revalued by around 2.8%.
A retiree who receives a pension of 1,441 euros per month (corresponding to the average old-age pension for 2024) will receive a pension of 1,481.35 euros per month in 2025, which amounts to an annual increase of 564.87 euros.
Source: EITB
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