This is the exact date on which it will be known how much they will rise in 2023


What is already known is that the pensions they will rise from January 2023, for the benefit of almost ten million pensioners in Spain. This was confirmed by the Government at the beginning of last October, during the presentation of the next General State Budgets. However,how much pensions will rise and when the date will be known of the final increase exactly? Well then, to answer this question, which is of vital importance today, mainly due to the high rate of inflation, which in October gave a slight breather, with 7.3%, the first thing to know is that the Executive confirmed an increase of, at least, 8.5% which will be applied directly to all social aid and benefits in our country.

Likewise, The IPREM will also rise to 600 euros monthly, that is, the indicator that is used to calculate, for example, at non-contributory pensions managed by the Imserso. However, the Minister of Inclusion, Social Security and Migrations, José Luis Escrivá, does not rule out that this increase could be even higher in the case of the lowest pensions and the Minimum Vital Income (IMV). This latest aid, managed by Social Security itself and launched for more than two years, aims to prevent poverty and social exclusion among the most vulnerable groups.

When do you know how much pensions will rise: this will be the day

The exact date to know the status of pensions will be given during this same month of novemberwhen the data will be known in advance of the Price Indicator (CPI) early November. To further refine, the key day will be next November 29. The rise in future pensions will come out of the resulting figure. With this data, the almost definitive data can be obtained. And it is necessary to bear in mind that with the pension reform, the amounts to be received by pensioners will be revalued based on the CPI average for the year as a whole, so the CPI figures must be added from December 2021 to November 2022 and then divide the result by 12.

“The fundamental element for the year 2023 in terms of pensions is that we continue to deepen the application of the recommendations of the Pact of Toledo when it comes to reforming the system to make it fairer and more sustainable”, Escrivá pointed out last October. However, another date must be noted on the calendar. The December 14th will be when the INE will make public the confirmed CPI for the month of November.


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