The retirement pension is the main benefit for 6.4 million people.
The Social Security paid 10,293,631 pensions to more than 9.3 million people in February’s payroll, which amounted to 13,455.6 million euros. The February payroll, like that of January, incorporates the revaluation approved in December by Royal Decree-Law for this year, 2.8% in general and between 6% and 9% for minimum pensions, which is consolidated, following its approval by the Congress of Deputies.
The number of pensioners in February was 9.3 million. Of these, 4.7 million are men and 4.6 million are women.
Average pensions
The average pension in the Social Security system is 1,307.2 euros this month, 4.5% more than in the same month last year. This average includes the amount of the different types of pension (retirement, permanent disability, widowhood, orphan’s pension and family allowance). The average retirement pension, which is received by more than two-thirds of all pensioners (6.6 million people), stands at 1,500.7 euros per month.
By schemes, the average retirement pension from the General Scheme is 1,661.1 euros per month, while in the Special Scheme for Self-Employed Workers, it is 1,006.2 euros per month. In the coal mining sector, the average pension is 2,894.8 euros, and 1,658.2 euros in the Maritime Scheme. The monthly amount of new pension registrations in the system amounted to an average of 1,754.2 euros in January, according to the latest available data.
As for the average widow’s pension, it reached 932.4 euros per month in February.
Payroll and pensions by class
The monthly payroll of Social Security contributory pensions reached 13,455.6 million euros in February. Three-quarters of the contributory pension payroll corresponds to retirement pensions, as usual. Specifically, these pensions account for 73.2% of the payroll, 9,848.4 million euros. Widow’s and widower’s pensions accounted for 2,186.2 million euros, while permanent disability benefits amounted to 1,208 million euros, orphan’s pensions to 177.2 million euros and benefits for family members to 35.9 million euros.
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Social Security pays 10.3 million pensions to 9.3 million pensioners in February
Growth in delayed pensions
In December 2024, there were 368,065 new registrations of retirement pensions. Analysis of the data shows that the number of early retirements has fallen considerably and now stands at less than 30% of the total (29.6%). There are 108,968, which represents a decrease of 10.4% in early retirements compared to 2019 when 40% of new retirements were anticipated. A total of 70.4% reached ordinary retirement age (259,019).
In this same period, 9.3% of new registrations corresponded to the delayed retirement mode compared to 4.8% in 2019. There are a total of 34,273 registrations of this type, while in 2019 they barely exceeded 14,000. As a result of the increase in the number of people voluntarily delaying retirement and the decrease in early retirements, the average age of access to retirement stands at 65.2 years, whereas in 2019 it was 64.4. It should be recalled that in 2022, new incentives to delay access to retirement came into force and the framework for early retirement has been reconfigured.
The average time taken to resolve cases in December was 10.27 days in the case of retirement pensions and 10.4 days in the case of widow’s and widower’s pensions. It should be borne in mind that the maximum resolution period for these procedures, according to Royal Decree 286/2003 of 7 March and Royal Decree 1192/2021 of 3 August, is 90 days for both retirement and widowhood benefits.