In early 2026, the Spanish government approved a Royal Decree concerning the revaluation of pensions and social security measures, officially implementing a series of benefit increases. These adjustments will be reflected in the payments issued in February.
Increases in Contributory and Minimum Pensions
Based on the average Consumer Price Index (CPI) from December 2024 to November 2025, contributory pensions for 2026 will see a general increase of 2.7%. For retirees with an average monthly pension between €1,510 and €1,560, this translates to an increase of about €50 per month, or approximately €570 annually. This adjustment affects over 10.4 million contributory pensions, benefiting more than 9.4 million people.
To enhance protection for low-income individuals, the increase for approximately 2.12 million minimum pensions will surpass the inflation rate, reaching 7%. Specifically, for individuals with a dependent spouse and survivors with family responsibilities, the minimum pension increase will be as high as 11.4%, with an expected monthly gain of €70 to €150.
Boost for Non-Contributory Pensions and Minimum Vital Income
Non-contributory pensions (PNC) and the Minimum Vital Income (IMV) will also see a significant increase of 11.4%. This policy is designed to assist approximately 471,000 citizens who receive non-contributory retirement or disability benefits due to insufficient contributions and low income, as well as other economically vulnerable households. The benefits for all current recipients will be adjusted automatically.
Additionally, benefits for approximately 734,900 pensioners under the ‘Clases Pasivas’ scheme (primarily retired civil servants) will also be adjusted in line with the CPI.
Extension of Other Social Security Measures
In a separate decree, the government decided to extend several social protection measures into 2026. Key provisions include:
- Moratorium on Evictions: The ban on evicting vulnerable households unable to find alternative housing from their primary residence will be extended until December 31, 2026.
- Guarantee of Basic Utilities: Throughout 2026, the prohibition on cutting off essential services like water, electricity, and gas for vulnerable households will continue. Discounts under the ‘social bonus’ for electricity will also be extended.
- Incentives for Electric Vehicles: The 15% personal income tax deduction for purchasing an electric vehicle or installing a charging point will be extended through 2026.
Meanwhile, the Minimum Interprofessional Wage (SMI) for 2026 will temporarily remain at €1,184 per month (paid in 14 installments). The Ministry of Labor is expected to finalize the new adjustment plan in mid-to-late February.
