Maximum limit

The revaluation rules set an annual maximum payment limit for state pensions, which may not be exceeded by any single pension or the total of all state pensions received by the same beneficiary.

The only pensions excluded from this limit are those arising from acts of terrorism, as well as the supplementary benefit granted by both the administrative mutual insurance schemes (MUFACE, MUGEJU and ISFAS) and the Social Security system, in respect of “Severe disability” (50% of the pension).

For pensions accrued prior to 1 January 2025, this amount is 3,263.94 euros per month, calculated on a monthly basis, where the pensioner is entitled to 14 monthly payments per year, or, alternatively, 45,695.16 euros per annum.

The maximum limit for public pensions accrued in 2025, either alone or in combination with other pensions, will, during 2025, be:

• 3,267.60 euros per month, without prejudice to any extra payments that the pension holder may be entitled to, the amount of which is also affected by the aforementioned limit.
  
• 45,746.40 euros per year.
  

To this end, Article 42 of Law 37/1988 of 28 December provides that:

The following shall be regarded as state pensions:

1. Those paid by the State Civil Servant Pension Scheme and, in general, those paid from appropriations under Section 07 of the State Expenditure Budget.
2. Those paid under the General Scheme and the Special Schemes of the Social Security system; those under the non-contributory branch of the Social Security system; economic benefits for old age and disability paid to Spanish nationals residing abroad; and old-age welfare pensions for Spanish nationals of Spanish origin who have returned to Spain.
3. Those paid by the Special Funds of the General Mutual Insurance Society for Civil Servants, the Social Institute of the Armed Forces and the General Judicial Mutual Insurance Society, or by the aforementioned mutual insurance societies themselves, as well as those paid by the Special Fund of the National Social Security Institute.
4. Those paid by the pension schemes or systems of the autonomous communities and local authorities, and by the authorities themselves.
5. Those paid by mutual societies, provident societies or social welfare organisations that are financed wholly or partly from public funds.
6. Those paid by companies or organisations in which the State, the autonomous communities, local authorities or the autonomous bodies of the former and the latter hold a majority stake, whether direct or indirect, either directly or by taking out the relevant insurance policy with a separate institution, regardless of the latter’s legal form, or by the mutual societies or provident institutions of such entities, in which the direct contributions of the originators are supplemented by public funds, including those of the company or organisation itself.
7. Those paid by the State Administration or by the autonomous communities pursuant to the Act of 21 July 1960 and Royal Decree 2620/1981 of 24 July, as well as the financial allowances for guaranteed minimum income and assistance for a third party provided for in Act 13/1982 of 7 April on the Social Integration of People with Disabilities.
8. Any others not listed in the preceding points, which are paid for, in whole or in part, from public funds.

Not considered state pensions are those paid through occupational pension plans or group insurance contracts, including those entered into by company mutual societies for social insurance, set up by public administrations, bodies, organisations and companies, as referred to in the second final provision of the consolidated text of the Law on the Regulation of Pension Plans and Funds, approved by Royal Legislative Decree 1/2002 of 29 November, and in accordance with the terms set out therein.