This Fuerteventura forum uses cookies
This Fuerteventura forum makes use of cookies to store your login information if you are registered, and your last visit if you are not. Cookies are small text documents stored on your computer; the cookies set by this Fuerteventura forum can only be used on this website and pose no security risk. Cookies on this Fuerteventura forum also track the specific topics you have read and when you last read them. Please confirm whether you accept or reject these cookies being set.

A cookie will be stored in your browser regardless of choice to prevent you being asked this question again. You will be able to change your cookie settings at any time using the link in the footer.
Hi guest and welcome to the Fuerteventura forum.

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

[-]
Tags
increase canary island pensions

Canary Island Pensions increase
#1
This relates to Spanish/Canarian pensions - not UK pensions paid to Ex Pat Residents.

Radio Sintonia:

Pensions increase by 98 euros on average in the Canary Islands.

As transferred by the Government Delegation in the Canary Islands, the average retirement pension in the Canary Islands will increase from this month by 98.08 euros, after the revaluation of 8.5% for this 2023 of pensions according to the Consumer Price Index (CPI) approved by the Government of Spain in compliance with Law 21/2021.

 

According to data from the Ministry of Inclusion, Social Security and Migration, this increase raises to 1,263.40 euros the average retirement pension in 2023 in the Canary Islands, 1,280.10 euros in the province of Las Palmas and 1,243.23 euros in Santa Cruz de Tenerife, and compared to the 1,036.34 euros on average charged by retired people in the archipelago in 2018.

The average monthly pension stands at 1,082.53 euros in the Canary Islands, which represents an increase of 9.47% more than the previous year.

"This increase is nothing but the materialization of the commitment to maintain the purchasing power of pensioners as an unbreakable right, even and, above all, in the most complicated circumstances, such as the current level of inflation caused by the war initiated by the regime of Vladimir Putin," says the Government delegate in the Canary Islands, Anselmo Pestana.

More than 300,000 pensioners in the Canary Islands As of January 1, 2023, the Social Security system had 350,321 pensions in the Canary Islands
(corresponding to 326,553 pensioners), of which 14,280 receive the complement of contributory pensions for the reduction of the gender gap.

In addition, according to data as of January 1 of this year, 97,516 pensions in the Canary Islands (27.8% of the total) are increased by the minimum supplement, the complementary amount that is added to the amount of the pension, in its contributory modality, when it does not reach the legally established minimum.
Living my dream
4 users say Thank You to TamaraEnLaPlaya for this post
Reply Quote


Possibly Related Threads...
Thread Author Replies Views Last Post
  UK Private pensions paid direct to Spanish bank account - charges! TamaraEnLaPlaya 1 2,080 03-10-2022, 08:44 PM
Last Post: classic
  Non-resident tax increase? Ducks 19 7,986 18-02-2021, 06:55 PM
Last Post: beachlife
  Iminent Increase of VAT in The Canary Islands Johnrgby 4 5,716 20-12-2019, 06:11 PM
Last Post: Spitfire58

Forum Jump: