These are the pensioners who will not receive the extra Christmas pay
There is no doubt that the extra pension pay It represents a great relief for the pockets of the almost ten million pensioners -retired, widowed, disabled or in favor of a family member- residing in Spain. However, the second extraordinary annual payment, better known as the ‘Christmas’ payment, due to the dates on which it is received, will not reach all homes in 2022. The reason is very simple and has a logical explanation.
Most pensions are divided into 14 payments, as reflected in article 46 of the Royal Legislative Decree 8/2015which regulates the current General Social Security Law. However, those that respond to an accident at work or occupational disease, are prorated in 12 payments per year, according to the calculation of the contribution base. Now, it is important to clarify that this circumstance does not imply a loss of purchasing powersince the proportional part is included in the collection of each month.
To be more exact, Social Security clarifies in the BOE that “contributory pensions derived from common contingencies of any of the schemes that make up the Social Security system will be satisfied in fourteen paymentscorresponding to each one of the months of the year and two extraordinary payments that will accrue in the months of June and November”. In addition, it is also included that “payment of non-contributory disability and retirement pensions It will be divided into fourteen payments, corresponding to each one of the months of the year, and two extraordinary payments that will accrue in the months of June and November“.
🤔 When are pensions charged?
🗓️In June, Social Security pays the first extra payment, the other is paid in November
👉 Public pensions are divided into 14 annual payments, except for those derived from work accidents and EP
— Social Security Magazine (@RvstaSegSocial) June 10, 2022
Why there will be no ‘paguilla’ of pensions in 2023
After the Pension Reform Law, this year will be the last in which pensioners receive this compensatory payment designed to respond economically to the difference between the loss of purchasing power and the increase in the Consumer Price Index (CPI) and the increase forecast by the Government of Spain. Therefore, starting next year, Social Security will apply it based on the evolution of the annual CPI. Earlier this year, in January 2022, pensioners received a payment of 233 euros.
The highest revaluation of pensions in history
Another important point to take into account is that the Executive of Pedro Sánchez has confirmed, during the presentation of the General State Budgets for 2023- that all pensions will be revalued by around 8.5% by 2023, the highest figure in history. However, the Minister of Inclusion, Social Security and Migration, Jose Luis Escrivadoes not rule out an increase higher than the estimated figure.
To know the exact amount, there will beto wait for the last two months of the year, since the revaluation is calculated by adding the Annual Consumer Price Index (CPI) between November and December and dividing by 12. In the case of last year, it barely meant an increase of 2.5%. However, the INE has already released the figures for December 2021 and the first eight months of 2022, which represents an increase of at least 7.8%.
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