The Spanish government has ruled out extending pension calculation to 35 years while introducing a new dual formula for 2026 and increasing pensions by 2.7%.
Prime Minister Pedro Sánchez reports strong legislative achievements and social progress in Spain's 2025 political landscape, highlighting new policies like the flat-rate transport pass.
Latin American workers in Spain exceed one million affiliated with social security, predominantly young and concentrated in hospitality, yet poverty risk remains high amid structural social challenges in Spain.
Spain plans to increase maximum pensions by over 2.7%, introduce a dual pension calculation system, and raise the retirement age for many from 2026, aiming to better align pensions with inflation and encourage longer work contributions.