State Pensions -as with all public pensions- are revalued according to the revaluation index established for the pensions in the corresponding General State Budgets Law or regulation
In accordance with Royal Decree 1058/2022 of 27 December on the updating of pensions and other public social benefits for the financial year 2023, the updating of pensions paid by the Pension Fund will be applied to the monthly amount of the pension in question on 31 December 2022, after applying the deviation of the Consumer Price Index, reaching an updating of 8.5 percent.
In application of the provisions of Article 20 of the aforementioned Royal Decree 1058/2022, the following civil servant pensions will not be increased.
The application of the revaluation shall be subject to the following rules:
In the case of widowhood pensions, increases for children shall in no case be taken into account for the purposes of applying the maximum amount established in the preceding paragraph.
In the event that one or more pensions from the civil service pensions and one or more other public pensions are paid to the same pensioner, the value of the civil service pension or pensions as a whole shall be limited to a figure equal to the full annual amount of 42,823.34 euros in proportion to the total amount of the pension or pensions received by the pensioner.
This limit (L) will be determined by applying the following formula:
L=P/T x 42.823,34 euros anuales
where ‘P’ is the full theoretical annual value reached on 31 December 2022 by the civil service pension or pensions and ‘T’ is the result of adding the full value in annual terms of the other public pensions at the same time to the above figure.
The revaluation of civil service pensions for 2023 will be carried out automatically, with economic effects from 1 January 2023, by the General Directorate of Social Security Organisation.
This shall be carried out on the basis of the data available for each pensioner as of 31 December 2022.
The revaluation shall be provisional until such time as the government verifies the appropriateness of the amount of the revaluation, depending on the other payments of the pensioner(s) and in accordance with the rules governing eligibility and incompatibility that may be applicable in each case.
If the revaluation performed previously shows that excess amounts have been received, the pensioner shall be obliged to reimburse the amount unduly received. Without prejudice to the foregoing, in the event that the interested party has made a false declaration or omitted information, they may be held liable for the corresponding penalties they may have incurred.
In accordance with the provisions of Article 38.8 of Law 31/2022, of 23 December, on the General State Budget for 2023, extraordinary pensions from the Civil Servant Pension Scheme resulting from terrorist acts are exempt from the exclusionary or restrictive rules laid down in the rules for updating public pensions.
In the event that, besides any of the pensions mentioned in the preceding paragraph, an individual is entitled to the payment of one or more other state pensions as at 31 December 2022, the abovementioned exclusionary or restrictive rules shall apply in respect of the latter.