The Council of Ministers has given this Friday the “first step” to update pensions in 2027 and protect the purchasing power of retirees, by approving the urgent processing of the Royal Decree on the Maintenance of the Purchasing Power of Pensions.
The government spokesperson and Minister of Inclusion, Social Security and Migrations, Elma Saiz, stated this at the press conference after this Friday’s extraordinary Council of Ministers, where she explained that, as in previous years, this mechanism “starts up the machinery” to make said revaluation effective.
Saiz stressed that for the Government it is “a priority” that pensioners keep their purchasing power and that pensions continue to adjust to the evolution of the cost of living.
She also pointed out that the agreement endorsed today is the first rung of a procedure that will continue with the approval of a regulation with the force of law, in which the final amount will be set for both the general increase and minimum pensions.
To set the increase in contributory pensions, it is still necessary to know the CPI figure for November, which the INE will publish in advance on next 27 November, two days before the general elections on 29 November.
The revaluation will be calculated based on the average inflation of the last twelve months available; in this case, from December 2025 to November 2026.