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Spain's Contributory Pensions Were EU8.43 Bln In February

Source: Eurasia Review - Fri 25th Mar 2016
Spain's Contributory Pensions Were EU8.43 Bln In February

The monthly total of contributory pensions paid out by the Spanish Social Security system amounted to 8.43 billion euros at 1 March, 2.99% up on last year.

The average retirement pension stood at 1,037.36 euros, 2.12% higher than for the same period last year. The average pension from the Spanish Social Security system as a whole, which includes all the various types of pension available (retirement, permanent disability, widowhood, orphanhood, and those paid out to relatives), stood at 899.29 euros, representing a year-on-year increase of 1.87%.

In summary, the public system comprises 9,371,760 contributory pensions in total, an increase of 1.09% on last year. More than half of these: 5,702,090, are retirement pensions, while 2,355,949 are widowhood pensions, 934,458 are permanent disability pensions, 339,965 are orphanhood pensions and 39,298 are pensions paid out to relatives.

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