In this month of October, Social Security allocated the record figure of 12,895.8 million euros to the payment of the ordinary monthly payroll of the contributory pensionsalmost 6.8% more than in the same month of 2023, as reported this Friday by the Ministry of Inclusion, Social Security and Migration.
The ordinary monthly pension payroll exceeded 12,000 million euros for the first time in July 2023 and this month it once again sets a new record after the increase in contributory pensions by 3.8% for 2024.
In October of this year, 10,238,434 contributory pensions were paid, 1.5% more than a year ago, to 9.3 million pensioners.
After the increase in pensions with the CPI applied since the beginning of the year, the average retirement pension increased by 5% year-on-year in October, to 1,447.4 euros per month.
For its part, the average pension of the system, which includes the different types of pension (retirement, permanent disability, widowhood, orphanhood and for family members), increased by 5.2% year-on-year, reaching October 1 of this year. at 1,259.6 euros per month.
