State pensions are predicted to rise by over 3.5% in 2027, following a 4.9% increase in the October . The definitive figure, based on average inflation between December 2025 and November 2026, will be officially confirmed on 15 December.
A 2021 law guarantees retiree purchasing power by linking revaluations to the average . This adjustment is vital as the '' generation, totalling 14 million people, began retiring in 2023, joining the ten million pensions currently being paid out.
The revaluation is estimated to cost the public treasury 8,000 million euros, adding pressure to a Social Security debt exceeding 136,000 million euros. To manage costs, the legal retirement age is set at 67, with a 4% annual incentive for those delaying.