Working out the pension
The amount is the base reguladora multiplied by a percentage. The base averages a number of contribution bases that grows every year until 2037; the percentage starts at 50 % at fifteen years and climbs month by month. Above it all sits a maximum that the general social-security act does not set: it defers to the budget act, and with none approved this year a real decreto-ley sets it.
The base reguladora
For a pension claimed in 2026, the base reguladora is the sum of the 302 highest contribution bases from the 304 preceding months, divided by 352,33. The 2 lowest bases in the period are discarded. The divisor is not arbitrary: it encodes that the pension is paid in 14 instalments a year.
The bases of the most recent 24 months are taken at their nominal value; the rest are updated in line with the CPI.
The period grows every year until 2037
| From | Months considered | Bases selected | Divisor |
|---|---|---|---|
| 2026 | 304 | 302 | 352.33 |
| 2027 | 308 | 304 | 354.67 |
| 2028 | 312 | 306 | 357 |
| 2029 | 316 | 308 | 359.33 |
| 2030 | 320 | 310 | 361.67 |
| 2031 | 324 | 312 | 364 |
| 2032 | 328 | 314 | 366.33 |
| 2033 | 332 | 316 | 368.67 |
| 2034 | 336 | 318 | 371 |
| 2035 | 340 | 320 | 373.33 |
| 2036 | 344 | 322 | 375.67 |
| 2037 onwards | 348 | 324 | 378 |
Legal basis: Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), disposición transitoria cuadragésima; Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 209.1; Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 209.1.c); Real Decreto-ley 3/2026, de 3 de febrero, art. 1 (in force 01.01.2026 - 31.12.2026)
The percentage
A percentage is applied to the base reguladora: 50 % for the first 15 years contributed, and an addition for each further month after that. In 2026 the 100 % ceiling is reached at 36 years and 6 months; from 2027 it will take 37 years.
- The first 49 additional months: 0,21 % each.
- The next 209 additional months: 0,19 % each.
Legal basis: Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), disposición transitoria novena; Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 210.1.b); Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 210.1.a) (in force 01.01.2026 - 31.12.2026)
The limits
The initial amount may not exceed 3.359,60 € a month, which is 47.034,40 € a year across 14 instalments. That ceiling is not set by the consolidated social-security act, which defers to the budget act; and because no Ley de Presupuestos Generales del Estado has been approved for this year, it is set by a real decreto-ley, effective until the corresponding budget act is approved.
Legal basis: Real Decreto-ley 3/2026, de 3 de febrero, art. 1; Real Decreto 241/2026, de 25 de marzo, art. 3.1; Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 57; Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 209.1 (in force 01.01.2026 - 31.12.2026)
Pensions already in payment were uprated by 2,7 % in 2026.
Legal basis: Real Decreto-ley 3/2026, de 3 de febrero, art. 2.1; Real Decreto 241/2026, de 25 de marzo, art. 6 (in force 01.01.2026 - 31.12.2026)
Minimum retirement pensions
| Situation | Per year | Per month |
|---|---|---|
| jubilacion-65-con-conyuge-a-cargo | 17.592,40 € | 1.256,60 € |
| jubilacion-65-unidad-economica-unipersonal | 13.106,80 € | 936,20 € |
| jubilacion-65-con-conyuge-no-a-cargo | 12.441,80 € | 888,70 € |
| jubilacion-menor-65-con-conyuge-a-cargo | 17.592,40 € | 1.256,60 € |
| jubilacion-menor-65-unidad-economica-unipersonal | 12.262,60 € | 875,90 € |
| jubilacion-menor-65-con-conyuge-no-a-cargo | 11.590,60 € | 827,90 € |
Legal basis: Real Decreto-ley 3/2026, de 3 de febrero, anexo I; Real Decreto 241/2026, de 25 de marzo, anexo I (in force 01.01.2026 - 31.12.2026)
Deferring retirement
Anyone retiring later than their ordinary age chooses, once and irrevocably, between an additional percentage per full year, a lump sum computed by a published formula, or a combination of the two which is still awaiting implementing regulations. If no choice is made, the additional percentage applies.
Legal basis: Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 210.2 (in force 01.01.2026 - 31.12.2026)
What this page cannot tell you
It cannot compute your base reguladora. That calculation needs your month-by-month contribution bases over more than twenty-five years, each updated by that month’s CPI; the Social Security administration holds those records, this page does not. What is here is the rule, not your figure.
Legal basis: Real Decreto Legislativo 8/2015 (texto refundido de la LGSS), art. 209.1.d) (in force 01.01.2026 - 31.12.2026)