Those who have relocated to Spain later in their careers may find it particularly difficult to navigate the country’s pension system. To ensure financial stability in retirement, Spain has a strong public pension system that is largely financed by social security contributions. Here we will examine the key features of the Spanish pension system, such as … Read more
Spain and the USA provide quality benefits to their citizens after retirement and to people with disabilities. Both countries offer social pension benefits through the public pension system. Both countries provide pension benefits through the State Pension Plans. An individual can get a pension benefit through contributions to the system in both countries. Spain also … Read more
To ensure family welfare and lessen inequality, Spain has a variety of programs and assistance programs. A financial benefit whose primary goal is to ensure a minimal level of income for people and their families in a vulnerable condition is the minimum living wage, or IMV, as it is known by its initials in Spanish. This … Read more
The necessary social security contributions made by all Spanish fund public healthcare, education, and, of course, retirement savings. Receiving your pension will be easy if you have lived in Spain your entire life. Spain’s state pension is administered by the Ministry of Inclusion, Security, and Migration (Ministerio de Inclusion, Seguridad Social y Migraciones). In comparison to … Read more
The Institute for the Elderly and Social Services (IMSERSO) is a government agency in Spain that is in charge of managing non-contributory social services that supplement the benefits of the Social Security System, such as retirement and disability pensions, and exercising the General State Administration’s authority in matters about the elderly and dependent children. It … Read more
In 2025, Spanish pensions will increase by 2.8% for contributory pensions, in line with the average annual inflation rate. This revaluation, effective from January 1, 2025, will affect over 12 million beneficiaries, including widows’ and widowers’ pensions. Minimum and non-contributory pensions will see increases above the inflation rate, with minimum pensions reaching €12,241.60 per year … Read more
The Council of Ministers issued a Royal Decree-Law on January 28, 2025, which revalues Social Security pensions and other benefits. The maximum amount allowed for the collection of public pensions from the system of Social Security and passive classes in 2025 will be 3,267.60 euros per month, or 45,746.40 euros annually, pending adoption of the Basic … Read more
The Disability Pension is the pension provided to the individual who got any serious injury or Disability which prevent the individual from Work, and this type of pension is also known as ‘Pension de incapacidad permanente’. The injury can be work related or not but if it is a serious injury or illness which prevent … Read more
Spain’s main social security system is called Seguridad Social, or social security. The Committee for Social Reform introduced the idea of social security in Spain in 1883. It was later extended during the 20th century, and in 1978, Article 41 of the Spanish Constitution guaranteed “that the public authorities shall uphold a public social security … Read more