Spending on contributory pensions accounts for 11.5% of GDP

Dec 27, 2023 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

The contributory pension payroll in December is 12,120.8 million euros. 10,111,991 contributory pensions are paid to more than 9.2 million pensioners.

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Spending on contributory pension accounts

Pensioners strolling through a parkPensioners strolling through a park.
Spending on contributory pensions stood at 11.5% of gross domestic product (GDP) in December.

The monthly payroll for Social Security contributory benefits in December amounted to 12,120.8 million euros for the ordinary monthly payment.

Distribution by type of pension
Almost three-quarters of the December contributory pension payroll corresponds to retirement pensions, specifically 73.1%, i.e. 8,855 million euros. Widow’s and widower’s pensions received 2,012.6 million euros, while permanent disability benefits amounted to 1,057 million euros, orphan’s pensions to 163.4 million euros and benefits for family members to 32.1 million euros.

Of the 10,111,991 contributory pensions paid, 6,424,813 are for retirement, 2,354,805 for widowhood, 945,976 for permanent disability, 340,866 for orphans and 45,531 for family members. The number of pensions is growing at a year-on-year rate of 1.2%.
of 1.2% year-on-year.

Of the 10,111,991 contributory pensions paid, 6,424,813 are for retirement, 2,354,805 for widowhood, 945,976 for permanent disability, 340,866 for orphan’s pensions and 45,531 for family members. The number of pensions is growing at a year-on-year rate of 1.2%.
of 1.2% year-on-year.

The number of pensioners is 9,154,513. Of these, 4.6 million are men and 4.5 million are women. The ratio of pensions per pensioner is
1.1 benefits per person.

The pension with the highest number of beneficiaries is the retirement pension, with 6.3 million people. Of these, 60.1% are men; in the case of the widow’s pension, of the 1.5 million people who receive it as their main benefit, 95.9% are women.
women. On the other hand, there are 941,281 recipients of permanent disability, 323,140 of orphan pension, and 44,891 in favour of family members.

Average pension
The average pension in the system is 1,198.7 euros per month. This amount includes the different types of pension (retirement, permanent disability, widow’s/widower’s, orphan’s and family allowances).

The average retirement pension, meanwhile, is 1,378.4 euros. By schemes, the average retirement pension from the General Scheme is 1,533.9 euros per month, while the lowest is in the Self-Employed Scheme, with 918.2 euros/month. In the Coal Mining sector, the average monthly pension is 2,688.9 euros, and 1,528.4 euros in the Sea Regime. The average amount of new retirements in the system in November 2023 (latest data) was
2023 (latest data) was 1,398 euros per month.

The average widow’s or widower’s pension is 854.7 euros per month.

The average time taken to resolve cases in November (latest available data) was 9.66 days for retirement pensions and 12.23 days for widows’ and widowers’ pensions. It should be borne in mind that the maximum
It should be borne in mind that the maximum resolution period for these procedures, according to RD 286/2003 of 7 March and RD 1192/2021 of 3 August, is 90 days for both retirement and widow’s/widower’s benefits.

Gender Gap Supplements
In December, 640,675 pensions received the gender gap supplement, 90.6% of whom were women (580,091). The average monthly amount of this pension supplement is 65.3 euros. Of the 640,675 supplemented pensions, 23.3% correspond to pensioners with a child (149,212), who previously did not have access to the maternity supplement. 47.1% of beneficiaries have two children (301,750), 19.2% have three (123,264) and 10.4% have four children (66,449).

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

Passive Classes
On the other hand, the monthly payroll for pensions from the Pensioners’ Pension Scheme amounted to 1,506.4 million euros in November, the latest data available. This figure represents an increase of 156.1 million euros compared to the previous year, 11.6% more than the previous year.
more.

The number of pensions in force was 706,465, 14,534 pensions more than in the same month of the previous year (2.1% annual variation).

4 pensions more than in the same month of the previous year (2.1% annual change).

The State Pension Scheme basically includes military personnel and civilian staff of the General State Administration, the Justice Administration, the Cortes Generales and other constitutional or state bodies, as well as civil servants transferred to the Autonomous Communities.