Friday, 5 September 2014

Spanish pensioners in clover

AS we read so often, millions of British pensioners are struggling to live on their state pensions.

But Spain’s old folk have no such worries. According to the Spanish Social Security, 8.04 billion euros was paid out in pensions last month – a 3.1% year-on-year growth.

​In Spain the average retirement pension is 1,001.93 euros – 2% higher than in the same period last year.

The average pension from the Spanish Social Security system as a whole, which includes all the various types of pension available (retirement, permanent disability, widowhood, orphanhood, and those paid out to relatives), was 872.48 euros per month, representing a year-on-year increase of 1.7%.

In the UK the pension is 113 pounds, but that’s only if you have paid in for the full 30 years.

Spanish pensioners in clover | Canarian Weekly in Tenerife

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