The Council of Ministers has given this Tuesday the green light to a Royal Decree that legally develops the revaluation of public Social Security pensions foreseen for 2026, an update that was already previously validated by the Congress of Deputies.
“A measure that today, given the uncertainty generated by the consequences of the conflict in the Middle East, serves us to highlight that, come what may, our pensioners will maintain their purchasing power,” highlighted the government spokesperson and Minister of Inclusion, Social Security and Migrations, Elma Saiz, at the press conference after the Council of Ministers.
The Minister of Social Security has stressed that this same mechanism was the one that guaranteed in 2023 that pensioners did not lose purchasing power despite the impact of the inflationary crisis derived from Putin's invasion of Ukraine.
“For all this, I want to send a message of calm, and that the Government makes decisions together that prepare us more and better for any scenario,” Saiz emphasized.
Retroactive effect
With retroactive effects from January 1st, contributory pensions and those for passive classes register an increase of 2.7% this year, while minimum pensions advance by more than 7%. In parallel, benefits with a dependent spouse and widow's pensions with family responsibilities rise by 11.4%, the same percentage that applies to non-contributory pensions and the Minimum Living Income (IMV), which also revalue by 11.4%.
The 2.7% increase foreseen for 2026 affects the 9.4 million people who receive more than 10.4 million contributory pensions, as well as the more than 734,000 beneficiaries of the State Passive Classes Regime, whose benefits will also rise by 2.7%.
According to the estimates of the Ministry of Inclusion, the 2.7% revaluation for this year translates into about 570 additional euros annually for an average retirement pension, while the average pension of the system as a whole increases by around 500 euros per year.
Minimum and non-contributory pensions
Regarding the minimum pensions, these will grow in 2026 slightly more than 7% (+7.07%). However, the increase will be higher for pensions with a dependent spouse and widow's pensions with family responsibilities, which rise by 11.4%, the same percentage that applies to non-contributory pensions and the IMV.
The old-age and disability pensions of the SOVI also experience a revaluation of 7.07% in 2026, so that they stand at 599.60 euros per month in the case of non-concurrent ones and 582.10 euros monthly for concurrent ones.
The minimum retirement pension for holders aged 65 or over in single-person households amounts in 2026 to 13,106.80 euros annually, compared to 12,241.6 euros in 2025, and reaches 17,592.40 euros in cases with a dependent spouse, above the 15,786.4 euros set for 2025.
Likewise, the allowance for a dependent child or minor with a recognized disability of 65% or more will reach 5,962.80 euros annually in 2026, while the allowance for a dependent child or minor with a recognized disability of 75% or more stands at 8,942.40 euros per year, 2.7% more.
The decree also establishes that the maximum pension will be 3,359.60 euros per month, which is equivalent to 47,034.40 euros annually, and sets the maximum contribution base at 5,101.2 euros per month, 3.9% more than in 2025.