# How much is the minimum pension in the ONP?

Article by: Adrian Maestas | Last update: April 10, 2022
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In addition, article 2 of the bill specifies that the minimum pension granted by the SNP will be equivalent to a minimum living wage (RMV), which currently amounts to S/930.

## How much will pensions go up in 2022?

The Council of Ministers has approved the revaluation of pensions for the year 2022, which represents a rise of 2.5% for contributory and State Passive Classes and a 3% increase in minimum and non-contributory pensions , including the Minimum Vital Income.

## How much is the salary for January 2022?

The 2.5% increase for contributory pensions in 2022 will place the minimum retirement at 10,103.8 euros per year, 721.7 euros per month in 14 payments; while the maximum will be 39,468.6 euros per year, 2,819.1 euros per month.

## How much is the ONP 2021 pension?

Those who are 10 years old will receive S / 250; those who are 15 years old, S/ 350, provided they are 65 years old. An early pension is also established for those over 50 years of age.

## How much is the minimum pension?

This week the Council of Ministers will approve the increase in pensions for 2022, which in some cases will mean a revaluation of 3%. This Tuesday there will be a new rise in the minimum pension in Spain, which will reach 720 euros per month, standing 83 euros above what has been established until now.

20 related questions found

### What is the minimum retirement pension with 15 years of contributions?

With 15 years of contributions, which is the minimum required to access the retirement pension, 50% is applied to the regulatory base. That is, an amount equal to half of the regulatory base is obtained.

### What is the maximum retirement pension in the ONP?

3 instances of merit have verified that the maximum pension granted by the ONP is S/. 857.36 soles, and any increase … … in advance with respect to sixty-five (65) years of age, and may not be less than the sum of the minimum pension nor greater than the maximum pension established for said regime. 4.4.

### How much is the 19990 pension?

Finally, it is specified that, as a consequence of this pension readjustment, the maximum monthly pension paid by the ONP, in the National Pension System referred to in Decree Law No. 19990, will be eight hundred and ninety-three and 00/ 100 soles (S/ 893.00).

### When do they pay retirees under Law 19990?

The Pension Normalization Office (ONP) announced that this Monday, February 7, it will begin with the payment of pensions to more than half a million pensioners of Decree Law No. 19990. Pensioners will be able to collect their money in two ways: payment into a bank account or home payment.

### When is the 2022 pension payment collected?

This March 22, Unicaja and Banco Santander, on Thursday 24 will Caixabank and on Friday 25 Sabadell, Kutxabank, BBVA, ING, Cajamar, Abanca and the two Aragonese entities, Caja Rural and Ibercaja.

### Which pensioners receive the payment in 2022?

This compensation is aimed at early retirees who meet a series of requirements. Specifically, those who have agreed to early retirement between January 1, 2022 and December 31, 2021. Another condition is that they must have contributed for at least 44 and a half years.

### How to calculate the January payment?

To know exactly how much is going to be paid in January, you have to do a small calculation that consists of adding the 14 payments (or multiplying a month’s pay by 14). When we have this amount, we must calculate 1.6% of it, multiplying the amount equivalent to the 14 payments by 0.016.

### When do they pay November 2021 pension?

The administration will begin to make payments around the 20th so that on November 25, 2021 all pensioners already have the income in their accounts. Depending on the banking entity in which the pension is domiciled, the beneficiaries can collect sooner or later.

### How much do pensioners earn in 2021?

The Government establishes each year a maximum amount, both monthly and annually, that pensioners can receive. In 2021, this amount was set at 2,707.49 euros per month and 37,904.86 euros per year, distributed in 14 payments.

### How to get the maximum retirement pension?

To collect the maximum pension, it is necessary to contribute close to the maximum base, but it will also have to be done for a period that will progressively increase up to 37 years in 2027 to collect 100% of the pension.

### How is the amount of the retirement pension calculated?

The calculation of the employer’s pension consists of the sum equivalent to 5% of the average annual remuneration received in the last five years. This item will have to be multiplied by the years of service; the result will be divided by the age coefficient. The latter is divided for 12 months of the year.

### How much would you charge with 25 years listed?

To this monthly money it will be necessary to apply the percentage of penalty that is established in this 2021 for those workers who contribute 25 years. This is 25.08%, so you will receive 74.92% of the total pension that should correspond to you if you had contributed for 37 years and 3 months to Social Security.

### How much is paid for retirement with 20 years of contributions?

In order to know how much is received if a total amount of 20 years of contributions is obtained, the pensioner will receive 62.6% of the regulatory base.

### What is the minimum retirement pension without a dependent spouse?

In the case of the retirement pension, it will be 12,467 euros (for a pensioner with a dependent spouse). Divided into 14 payments, it means receiving 890.5 euros, 40 euros more than the 850.99 euros of 2021. The minimum pension for pensioners without a dependent spouse will be 10,103 euros per year (721 euros per month).

### Who does not receive the payment of pensions?

But there is an exception, and that is that this ‘paguilla’ will not apply to those who receive the maximum pension, since an essential requirement is established to be eligible to receive it: that their pension be lower than if the reduction coefficients had been applied. effective as of January 1, 2022.

### When do they pay the fee?

Those that are paid for common illness or non-occupational accident, are charged in 14 months and therefore are entitled to the extra payment. Those that are charged for work accidents or professional illnesses are paid in 12 months because the extraordinary payments are prorated in the twelve monthly installments.

### When is the fee charged?

As confirmed by the Ministry of Inclusion, Social Security and Migration, the payment of Social Security pensions and what is known as ‘paguilla’ will begin to be made from this Tuesday, January 25, the day on which it is approved the royal decree.

### What day is the payment collected at La Caixa?

Caixabank, Santander and Bankinter normally deposit the money for this benefit on approximately the 23rd of each month.

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