Pensions in Andalucía fourth lowest in Spain

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.

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2 thoughts on “Pensions in Andalucía fourth lowest in Spain

  1. 757 Euro’s is still more than what we can expect to receive in the UK. At least their heating bills and council taxes are lower. I know where I would like to be, anywhere but here.

    1. Yes, I was thinking that when posting the article. According to the BBC News website the average UK pensions are as follows:

      “The median average salary-linked public sector pension that is currently being paid out to a pensioner, is worth £5,600 a year.

      That compares with £5,860 in the private sector, according to the National Association of Pension Funds (NAPF).”

      So the public sector pension average is £466.66 per month versus the private sector average of £488.30 (based on a simple divide by 12). Using today’s exchange rate of 1.239 the Euro equivalents are 578.19 and 605.00 respectively. These are both well below Spain’s lowest.

      Andy

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