The different parliamentary groups have already begun talks with the Government of Spain to carry out the incorporation of the new reform to the General State Budgets for 2022. During her appearance at a press conference yesterday, the Minister of Foreign Affairs Economics and Digital Transformation, Nadia Calvino, presented the update of the macroeconomic table that will accompany the budgets, maintaining a forecast increase of 6.5% for 2021 and being 7% in 2022.
In addition, the Executive already knows what the increase will be of pensions, including the one formulated by the Minister of Inclusion, Social Security and Migration, Jose Luis Escriva, which implies anew revaluation model that will link pensions annually with the CPI.
1.9% increase in pensions for 2022
In this way, the Executive has foreseen that the Consumer Price Indicator, CPI, will manage to rebound this year to 1.9%.As a consequence, due to the fact that the pension reform is linked based on the average CPI of the previous year, for the year 2022 each pension will be increased from the month of January by 19.6 euros per month, which translates into about 275 .5 euros in annual payroll. As for pensioners, they will receive an increase of up to 22.6 euros per month, resulting in an annual payroll of up to 317.1 euros.
Therefore,the average pension would increase to 1,056 euros, the current one being 1,036 euros. The Council of Ministers foresees the incorporation of this increase to the General State Budgets in the next 15 days, so that pensioners can know the figure they will receive as of January 1.However, we will have to wait to see if the Executive will finally approve a higher increase for minimum and non-contributory pensions.
The increase in payroll based on the average CPI for 2021, estimated by the Government, would be as follows:
Pension in favor of family members: it would suffer an increase of up to 12 euros per week, going from the current 604 euros to 616 euros.
Retirement pension:an increase of up to 23 euros per month is estimated. This would transform the current 1,192 euros on average to 1,215 euros.
Permanent disability pension: it goes up to 19 euros per month, going from 994 euros to 1,1013 euros.
Orphan’s pension: receives an increase of up to 8 euros per month. Scale from 418 euros to 426 euros.
Widow’s pension: increase of up to 14 euros per month. It goes from 741 euros to 755 euros.
The CPI will also be the indicator of the amount of what is known as “paguilla”, which is perceived by pensioners as a compensation mechanism for the deviation caused between the rise in payments in 2021 of 0.9%, and which is actually of 1.9%.
