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increase canary island pensions

Canary Island Pensions increase
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.
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