There are many doubts about when the monthly pension payments are made. Social Security transfers the money days before the end of the due month, especially after the pandemic and the health crisis. These economic benefits are generated by overdue natural monthly payments, which means that they are received in a similar way to the payroll of salaried employees.
The public body responsible for making the payment of pensions, dependent on the Ministry of Inclusion, Social Security and Migrations and led by José Luis Escrivá, makes the deposit between the first and fourth day of each month. According to the regulations, payment is made on the first business day of the corresponding month and always before the fourth calendar day of the month.
When does Unicaja pay pensions this month of May?
Banks usually pay the pension during the last week of each month. This May, Unicaja will pay the pension on Thursday, May 25.
Normally, banks deposit the pension between the 23rd and 25th of each month. If these dates fall on a holiday or weekend, it is the banks that decide whether to advance the payment to the previous business day or make the payment the following business day.
rise after pension reform
On Thursday, March 30, the second pension reform took place, led by the Ministry of Inclusion, Migration and Social Security, directed by José Luis Escrivá. This has managed to achieve a series of novelties that will arise both for current and future pensioners. As of April 1, 2023, several changes established in Royal Decree-Law 2/2023, of March 16, came into force, which include urgent measures to expand the rights of pensioners, reduce the gender gap and establish a new sustainability framework for the public pension system.
The Government of Spain has the objective of guaranteeing the sustainability of the system in the next thirty years and ensuring the pension piggy bank. This is important because of the retirement of the macro baby boom generation, which will take place in the next few years.