Spending on contributory pensions represents 11.7% of GDP

The payroll of the contributory pensions for July is 12 billion euro. 10,055,940 contributory pensions are paid to more than 9 million pensioners and there are 538,856 benefits that add up to the gender gap complement.

Expenditure on contributory pensions stands at 11.7% of the Gross Domestic Product (GDP) in the last 12 months, up to July.

Almost three quarters of the list of contributory pensions in July correspond to retirement pensions, specifically, 72.9%, that is, 8,7 billion euro. 2 billion euro have been allocated to widow’s pensions, while the payroll of benefits for permanent disability amounts to 1 billion, that of orphans, 163.7 million euro and benefits in favour of family members, 31.7 million.

Of the 10,055,940 contributory pensions paid, 6,369,023 are for retirement, 2,352,406 for widows, 947,160 for permanent disability, 342,143 for orphans and 45,208 for relatives. The number of pensions grows at an interannual rate of 1.1%.

For its part, the number of pensioners is 9,106,289 as of July 1. Of these, 4.6 million are men and 4.5 million women. The pension ratio per pensioner is 1.1 benefits per person.

The pension with the most beneficiaries is the retirement pension, with 6.3 million people. Of these, 60.3% are perceived by men. The widow’s pension is received as the main benefit by 1.5 million people, 95.9% of them women. They are followed by recipients of permanent disability (942,229), orphans (324,524) and in favour of relatives (44,549).

The system’s average pension amounts to 1,195.1 euro per month. This amount includes the different types of pension (retirement, permanent disability, widowhood, orphanhood and in favour of relatives).

The system’s average retirement pension, for its part, is 1,375.1 euro. By schemes, the average retirement pension from the General Scheme is 1,532.5 euro per month, while the lowest is registered by the Self-Employed Scheme, at 915.8 euro/month. In Coal Mining, the average monthly retirement is 2,681.4 euro, and it is 1,523.9 euro in the Sea Regime. The average amount of new retirement registrations in the system amounted in June 2023 (latest data) to 1,391.7 euro per month.

For its part, the average widow’s pension is 852.07 euro per month.

In July, 538,856 pensioners received the gender gap supplement, of which 91.2% were women (491,587). The average monthly amount of this pension supplement is 65.7 euro. Of the 538,856 supplemented pensions, 22.8% correspond to pensioners with a child (122,775), who previously did not have access to the maternity supplement. 47.1% of the beneficiaries have two children (253,576); 19.5%, with three (104,924), and with four children, 10.7% (57,581).

The gender gap supplement, in force since February 2021, consists of a fixed amount, after the revaluation applied in 2023, of 30.40 euro per month per child, which is applied from the first child, unlike the previous maternity supplement. It is requested at the same time that the pension is requested.

For its part, the monthly payroll of Passive Class pensions amounted to 2,9 billion euro in the month of June, the latest data available, which includes the extra pay. This figure represents an increase of 312.7 million euro compared to the previous year, almost 12% more.

The number of pensions in force was 695,366, 12,077 pensions more than in the same month of the previous year (1.8% annual variation).

The State Passive Class Regime basically includes military personnel and civilian personnel of the General State Administration, the Administration of Justice, the General Courts and other constitutional or state bodies, as well as officials transferred to the autonomous communities.