While the minimum and non-contributory will increase by 3%. In any case, we will have to wait to know the final data of the CPI for November, which the INE will publish on December 15.
Contributory pensions will rise by 2.5% in 2022 with the new revaluation formula collected in the pension reform bill in which the Twelve-month average year-on-year CPI (from December of the year prior to November of the current fiscal year).
The National Institute of Statistics (INE) has published this Monday the advance data of the CPI for November, with which it is possible to anticipate how much the contributory pensions will be revalued in 2022 by making the average of the previous twelve months, in this case December 2020-November of 2021.
The calculation obtained is 2.5%, with which contributory pensions will rise next year around that percentage, while the minimum and non-contributory pensions will increase by 3%.
The General State Budgets (PGE) of 2022, recently approved in Congress, did not contemplate the specific figure in which contributory pensions will rise next year because the inflation data to which its revaluation is linked was unknown, but it did include the rise of the minimum and non-contributory.
In any case, we will have to wait to know the final data of the CPI for November, which the INE will publish on December 15, to confirm the exact percentage of increase in pensions for 2022, although the final data of the CPI hardly usually vary, if any tenth up or down.
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