Once again, Spanish retirees are preparing for the starting point to re-evaluate their pensions. The main data will be inflation, which will be used to calculate the increase in interest, taking it as a reference Variation in the Consumer Price Index (CPI) between December 2024 and November 2025.
Lower electricity prices moderated inflation in November by a tenth, keeping the annual rate at 3%, a figure that proportionately affects the revaluation of pensions. especially, Increased contribution benefits by 2.7%, While the maximum pension will increase slightly higher. The increase will be confirmed on December 12, when final inflation data are published.
For their part, minimum pensions, non-contributory pensions and those for widows with family responsibilities will again see a greater increase than the Consumer Price Index (CPI). The goal is to achieve these benefits by 2027 Reaching the poverty threshold set by EU regulations.
Projected pension schedule for 2026
Below are estimated total monthly amounts for 2026 by benefit type, based on data from Social security and revaluation expectations.
It is important to take into account that from 2026, the Spanish pension system will face a new phase characterized by structural changes. First of all, A Double counting system, which will allow future retirees to choose automatically The most convenient formula for determining its regulatory basis.
Moreover, lThe normal retirement age will be 66 years and 10 months for those who have not reached 38 years and 3 months of contributions.and remains at 65 for those who meet this requirement. These reforms will also require greater budgetary effort, because the increase in interest will mean additional expenditures of more than 6,000 million euros.
At the same time, – Re-evaluation of minimum pensionsWith the aim of bringing it closer to European standards by 2027 and contributing to reducing poverty among the elderly.