Pensions in Andalucía fourth lowest in Spain
June 28, 2012 2 Comments
Southern Spain may be a great place to live for most people but not so for old age pensioners as residents in Andalucía receive lower pension payments than in all but three of Spain’s regions.
The average pension in Andalucía was €757.31 in June which is €72.26 below the national average of €829.57.
The regions that beat Andalucía to the bottom of the list are Murcia, Extremadura and Galicia where the average pension is €730.50, €704.31 and €696.14 respectively.
Only seven regions have higher than average pensions. They were The Basque Country with an average of €1,024.74, Asturias where pensions average €984.78, and Madrid with €981.51.
The total paid for pensions in June across Spain was 7.38 billion euros, representing an increase of 4.3% compared to the same period in 2011, according to data from the Social Security and Employment ministry.