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Spain Bolsters Pension Floor and Exposes Wide Regional Gaps

With an annual pension floor set at €12,241.60 complemented by top-ups for low-income retirees, stark monthly disparities range from €1,834 in the Basque Country to €1,273 in Extremadura.

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Overview

  • The 2025 minimum contributory pension for retirees with a dependent spouse stands at €15,786.40 annually.
  • Retirees can request a top-up if their non-pension income remains under €9,191.68 without dependents or €10,721.85 with family responsibilities.
  • Spain’s average monthly pension is €1,311.41, highlighting the contrast between regions.
  • Asturias (€1,776.20) and Madrid (€1,728.69) trail the Basque Country in pension averages due to stronger wages and stable employment.
  • Pension amounts are reviewed each year in the General State Budget and are calculated based on a retiree’s regulatory base and years of contributions.