Just over 3,356 euros per month is what retirees who receive the maximum pension from the public system for next year will receive. An amount that grows every year and is due to the pension reform regulated under the Royal Decree 2/2023 or better known as the “Escrivá reform”, former Minister of Social Security and now governor of the Bank of Spain.
Pensions grow and revalue, since this is established in article 58 of the General Law of Social Security (consultable in this BOE) where it is stated that “Social Security contributory pensions will maintain their purchasing power in the terms provided for in this law.” In this way, since the approval of this reform, each year, pensions, which include those for retirement, permanent disability or widowhood, will grow according to the interannual CPI (taking the months between December and January).
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Didier (77 years old), retired with a pension of 4,205 euros per month: “I retired late because I loved my profession and now I enjoy a peaceful retirement”
Alfonso Muñoz (57 years old), Social Security official: “You can be denied voluntary early retirement even if you have been contributing for 40 years”
Thus, as an anecdote, the pensioners lost what was known as the “pension payment”, which was collected at the end of January and was, so to speak, the unearned arrears for that loss of purchasing power.
Although there is still no official data from the Ministry of Inclusion, Social Security and Migration, several experts such as BBVA or Funcas establish that the pension will grow on average by around 2.6% (the final data will be known in mid-December). Knowing this, for example, the general average pension (which includes all pensions for retirement, widowhood, permanent disability, orphanhood or for family members) would be 1,348.13 euros, about 34.16 euros more than the current one, set at 1,313.97 euros, according to the latest data published by the ministry.
| All pensions | 2025 | 2026 | rise |
|---|---|---|---|
| Total system | €1,313.97 | €1348.13 | €34.16 |
| General | €1,429.23 | €1,466.39 | €37.16 |
| Self-employed workers | €910.45 | €934.12 | €23.67 |
| Sea workers | €1,344.42 | €1,379.38 | €34.95 |
| Coal mining | €2,300.37 | €2360.18 | €59.81 |
| Work accidents | €1,329.39 | €1,363.96 | €34.56 |
| Occupational diseases | €1,566.75 | €1607.48 | €40.74 |
In the case of retirement pensions, it would go from 1,508.70 euros to 1,547.92 euros.
Increase in the maximum pension for 2026
Although the pensions will grow according to the CPI, the maximum pension will do so above this value, since this is what the thirty-ninth transitional provision of Royal Decree 2/2023 establishes. It establishes that this will grow according to the CPI plus a cumulative additional 0.115%. Therefore, following current estimates, the maximum pension would rise by 2.715% (2.6% year-on-year CPI + 0.115%).
That is, the maximum pension in 2026, whether collecting one or more pensions, would be 3,356.40 euros per month or 47,009.62 euros per year.
| Maximum pension | 2025 | 2026 | Rise |
|---|---|---|---|
| Monthly | €3,267.60 | €3,356.40 | €88.8 |
| Annual | €45,746.40 | €47,009.62 | €1,263.22 |
How much will the pension increase depending on my salary?
Although minimum pensions, as well as non-contributory pensions, will grow above the CPI, it is still not possible to establish what the amounts will be based on the family situation. Now, what is possible to determine (without knowing the official data) is to know how much the pension would increase depending on what is collected now, as shown in the following table:
| Pension amount | monthly amount 2026 | rise | Annual amount 2026 | 2026 annual rise |
|---|---|---|---|---|
| €1,200.00 | €1,231.20 | €31.20 | €17,236.80 | €436.80 |
| €1,300.00 | €1,333.80 | €33.80 | €18,673.20 | €473.20 |
| €1,400.00 | €1,436.40 | €36.40 | €20,109.60 | €509.60 |
| €1,500.00 | €1,539.00 | €39.00 | €21,546.00 | €546.00 |
| €1,600.00 | €1,641.60 | €41.60 | €22,982.40 | €582.40 |
| €1,700.00 | €1,744.20 | €44.20 | €24,418.80 | €618.80 |
| €1,800.00 | €1,846.80 | €46.80 | €25,855.20 | €655.20 |
| €1,900.00 | €1,949.40 | €49.40 | €27,291.60 | €691.60 |
| €2,000.00 | €2,052.00 | €52.00 | €28,728.00 | €728.00 |
| €2,100.00 | €2,154.60 | €54.60 | €30,164.40 | €764.40 |
| €2,200.00 | €2,257.20 | €57.20 | €31,600.80 | €800.80 |
| €2,300.00 | €2,359.80 | €59.80 | €33,037.20 | €837.20 |
| €2,400.00 | €2,462.40 | €62.40 | €34,473.60 | €873.60 |
| €2,500.00 | €2,565.00 | €65.00 | €35,910.00 | €910.00 |