Politics · Spain · 13 hrs ago
Spain starts urgent process to raise pensions in 2027
Spain’s cabinet has started the urgent process for a 2027 pension increase during the general election campaign.
The government says the increase is intended to protect pensioners’ purchasing power as living costs rise.
Social Security Minister Elma Saiz expects pensions to rise between 3% and 4%, but the final rate depends on inflation.
Spain calculates the increase using average consumer-price inflation over the 12 months to November 2026.
The national statistics office will publish a preliminary November figure on 27 November and the final figure on 15 December.
After that, the government is expected to approve a law setting the exact increase, including the rate for minimum pensions.
The increase is linked to inflation under a 2021 law, and the measure will then go to Congress for confirmation.
Spain’s Cabinet approved an urgent process on 13 November to prepare the 2027 pension revaluation.
Social Security Minister Elma Saiz said the increase was expected to be between 3% and 4%.
The exact amount depends on November inflation data, which will not be final until 15 December.
The government says pensions are legally linked to inflation and aims to preserve pensioners’ purchasing power.
The process still requires a law setting the exact increase, including the rate for minimum pensions.
- Who
- Spain’s Cabinet approved the process; Social Security Minister Elma Saiz announced it.
- What
- The Cabinet approved urgent processing of the decree for the 2027 pension revaluation.
- When
- 13 November 2026.
- Where
- Spain.
- Why
- To begin the process of adjusting pensions to inflation and maintaining pensioners’ purchasing power.
Spanish government
PP and Vox
Pension adjustments
Spanish government
The government says pensions are legally linked to inflation and should be revalued to preserve purchasing power.
PP and Vox
Vox’s José María Figaredo called the system a “zombie” and backed combining pay-as-you-go and private-funded schemes; PP’s Ester Muñoz said the system would “burst” and needed change.
The coalition government approved the law linking pension revaluation to inflation.
The Cabinet approved urgent processing of the pension revaluation decree.
Spain’s statistics office is due to publish its advance November inflation figure.
Spain is due to hold general elections.
The statistics office is due to publish the final November inflation figure.
- Expected increase
- 3% to 4%
- Advance November inflation data
- 27 November 2026
- Final November inflation data
- 15 December 2026
- General election
- 29 November 2026
- Government estimate for a 3.55% increase
- €9.251 billion
2 sources
What people are saying
We have to wait to know the CPI figure, but what I can say is that pensions will rise in a range between 3% and 4%.
a priority
starts the machinery
Pensions will be increased in line with the CPI; it is in the law.