Government approves urgent procedure for pension revaluation
The executive takes this step to update benefits in line with inflation on the first day of the electoral campaign. The amount will be revealed on 27 November, with indications suggesting a 3.6% increase.
The Spanish government has approved an urgent procedure to revalue pensions, aligning them with the consumer price index (CPI) as the electoral campaign officially begins. This decision was announced during a press conference following an extraordinary Council of Ministers meeting held at the Palacio de la Moncloa.
Félix Bolaños, the Minister of the Presidency, Justice and Relations with the Cortes, and Elma Saiz, the Minister of Inclusion, Social Security and Migration and government spokesperson, addressed the media regarding this significant move.
The specific amount of the pension increase is expected to be disclosed on 27 November, with early estimates suggesting a rise of approximately 3.6%.
