The average retirement pension in Canary Islands will grow by 98.08 euros from this month of January after revalue pensions by 8.5 percent for 2023 in relation to the Consumer Price Index (CPI), approved by the Government of Spain in compliance with Law 21/2021.
This was indicated this Wednesday by the Government delegate in the Canary Islands, Anselmo Pestana, who refers to the data from the Ministry of Inclusion, Social Security and Migrations to state that This increase raises the average retirement pension in the Archipelago to 1,263.40 euros this year.
In the case of the Las Palmas province the average pension is 1,280.10 euroswhile in Santa Cruz de Tenerife it stands at 1,243.23 euroscompared to the 1,036.34 euros on average that retired people in the Canary Islands received in 2018, as reported by the Government Delegation in the Islands in a press release.
9.47% increase in the average monthly pension
Regarding the average monthly pension in the Canary Islands, it is in thes 1,082.53 euros (1,099.46 euros in the province of Las Palmas and 1,063.81 euros in that of Santa Cruz de Tenerife)which it involves an increase of 9.47 percent more compared to the previous year.
Pestana points out that this “increase is nothing but the materialization of the commitment to maintain the purchasing power of pensioners and pensioners as an unbreakable right, even and, above all, in the most complicated circumstances such as the current level of inflation caused by the war” in Ukraine.
He also added that it is a revaluation promoted “with the maximum social and political legitimacy” following the recommendations of the Toledo Pact of the Congress of Deputies and by the “great agreement with the social partners of 2021, signed in the Palacio de La Moncloa “.
In the Canary Islands, as of January 1, 2023, there are according to the Social Security system 350,321 pensions (corresponding to 326,553 pensioners), of which 14,280 receive the contributory pension supplement to reduce the gender gap with which it seeks “repair the prejudice that women have suffered throughout their professional careers for assuming a leading role” in the task of caring for children that is projected in the field of pensions.
Also 97,516 pensions in the Canary Islands (27.8% of the total) they will be increased by the minimum supplementthe complementary amount that is added to the amount of the pension in its contributory modality when it does not reach the legally established minimum.
