Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish state pension rises by 3.5% on 2009

Fri 26th Feb 2010

The average Spanish state pension for retirees rose to 877.12 euros a month at the beginning of February an increase of 3.5 per cent in the past year.

According to the ministry of work and immigration, the average overall state pension including those for disability, widows and widowers, orphans and retirees reached 774.15 euros, which translates to a year-on-year rise of 3.4 per cent.

People in Spain are now paying a total of 6,667 million euros a year in social security payments towards their state retirement fund.

Some 8.6 million pensions are being paid out across the country.

Retirement pensions continue to be the highest of all monthly permanent benefits.

But plans are afoot to increase state pension age to 67 amid fears that the pot is running dry.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs