More than 6 million people enjoy the retirement pension in Spain
According to the latest Social Security data, more than 6 million people currently benefit from the retirement pension in Spain. This figure reflects the importance of the pension as financial support for many citizens in their retirement stage.
Personalized retirement calculator
To help people get an idea of how much they could receive as a retirement pension, the public body provides a personalized retirement calculator. This calculator takes into account several factors to determine the amount of the pension.
Factors to consider
One of the important factors in calculating the exact amount of the pension is the current salary. According to data from the National Institute of Statistics, the average salary in Spain is 1,822 euros. This figure serves as a reference to make an approximate estimate of the pension.
It should be borne in mind that the Social Security makes each calculation in a personalized way, since the final amount of the pension depends on each individual situation. Although several workers may have similar wages, the amount of their pension will be different depending on various factors such as the regulatory base and the contribution period.
Regulatory basis and contribution period
The calculation of the pension begins with the determination of the regulatory base. This is calculated by dividing the amount of the contribution base during the month before retirement by the number of days of contribution. A coefficient is applied to this amount to take into account the effect of inflation in previous months.
Regarding the contribution period, to be able to access a pension it is necessary to have contributed for at least 15 years. With this period worked, the applicant can collect 50% of the amount that corresponds to him. From here, progressive increases are added for each additional contribution period until reaching 100% of the pension with a contribution period of 36 years and 6 months.
Pension amount for a salary of 1,800 euros
If we take an average salary of 1,800 euros as a reference, workers with this salary could access a pension of approximately 1,543 euros per month. However, it should be borne in mind that this amount may vary depending on personal factors and other coefficients that apply.
In summary, the retirement pension in Spain is an important economic support for millions of people. Various factors such as current salary, regulatory base and contribution period must be taken into account to calculate the exact pension amount. Using the Social Security Personal Retirement Calculator, people can get a rough idea of how much they could collect in retirement pension.
