With the arrival of the new year, more than 10 million pensioners and retirees want to know when the pension is collected in January 2025depending on your banking entity, such as CaixaBank, BBVA or Banco Santander, among others. Furthermore, January is a special month in the pensioner’s calendar, since this month the revaluation of pensions is perceived. Social Security establishes in its regulations that all benefits and pensions must be paid in arrears, between the 1st and 4th of each month. That is, by obligation, payment must be made between the first business day of the month and, at most, the fourth.
Although these are the dates established by regulations, Banks can advance pension collection thanks to the single centralized account of the General Social Security Treasury (TGSS). This account allows banking entities to identify the beneficiaries of the pensions and the corresponding amount, facilitating the advance of payment as long as the value date is respected, that is, the deadline for the income to be available to the beneficiary.
Regarding the increase in pensions, according to Royal Decree-Law 9/2024, the increase will be 2.8% for contributory pensions. The pensions minimums will increase by 6%except the minimum with dependent spouse, which will increase by 9.1%. For their part, the Minimum Living Income and non-contributory pensions will have an increase of 9%. These increases are included in article 58 of Royal Legislative Decree 8/2015, of the General Social Security Law, which guarantees the purchasing power of pensions.
What day are pensions collected in December 2024
The National Institute of Social Security will pay the January 2025 pensions between February 1 and 4, 2025since it is done monthly. Now, many banking entities will advance payment to beneficiaries between January 23 and 27, 2024. A very common practice that this month is especially important because Christmas triggers expenses in Spanish homes.
In this list you can consult the dates on which each of the banking entities is scheduled to make the December pension payment:
- Bankinter: Thursday, January 23, 2025
- Engineers Fund: Thursday, January 23, 2025
- CaixaBank: Friday, January 24, 2025
- Cajamar: Friday, January 24, 2025
- Santander: Friday, January 24, 2025
- Ibercaja: Friday, January 24, 2025
- Unicaja: Friday, January 24, 2025
- Sabadell: Friday, January 24, 2025
- ING: Saturday, January 25, 2025
- Abanca: Monday, January 27, 2025
- BBVA: Monday, January 27, 2025
- Kutxabank: Monday, January 27, 2025
How much does my pension have to be raised?
If your pension is contributory, the increase must be 2.8%. To know the exact amount, just multiply the last payroll by 1.028 to know the exact increase. Now, if the minimum pension is received, the increase will range between 6% and 9.1%, although the exact amount can be consulted in the following table with the amounts of the minimum pensions for 2025. In the case of pensions non-contributory, the increase will be 9%, like the Minimum Living Income.
What happens if I have not received my pension this month?
First, it is necessary to wait for the deadline established by Social Security to pass, which is the 4th of the following month, that is, in this case, February 4, to really know that the payment has not been made. If by that day you do not see the money deposited in the bank account, you must file a claim with Social Security.
This process can be done online through the Social Security electronic headquarters, in the “complaints and claims” space. To do so, you must identify yourself and complete the form, notifying the administration that the pension has not been collected. The deadline for Social Security to offer a response is 3 business days and the reason for the delay must be explained.