Spanish retirement pension reaches 814 € on average

Spanish retirement pension reaches 814 € on average
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By h.b. - Jun 20, 2008 - 7:02 PM

Archive Photo EFE

The Ministry for Employment and Immigration has released new pensions data for June 1.

Latest data from the Ministry for Employment and Immigration, shows that the average retirement pension in Spain on June 1 was 814.42€ a month, 7.2% more than a year ago.

The average Social Security Pension, which also includes incapacity benefit, widowhood and other orphan and family benefits now stands at 719.58 € - up 6.9% on the year.

The total number of Social Security pensions reached 8,382,778, up 1.4% over the year, with about half of them retirement pensions.

The monthly cost to the state for the monthly pensions payment in Spain reached 6.03 million € on June 1, up 8.4% on the year.

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