In September 2025, the Social Security journal reported that contribution revenues had grown by 6.9% year-on-year, reaching €102.303 billion. Despite this increase, some experts have highlighted the €40 billion deficit still weighing on the system, as economist Pilar García de la Granja pointed out on the program ‘Herrera en COPE’.
According to the expert, the revenue surge is largely driven by contributions from higher incomes. However, she warns beneficiaries that the system remains in deficit. García de la Granja also outlined projections from the Ministry of Inclusion, Social Security, and Migration, which expects to collect around €547 million from the solidarity contribution.
The solidarity levy applies to salaries exceeding the maximum Social Security contribution base, which in 2026 stands at €61,214.40 per year. Additionally, the Social Security system will receive €298.5 million from the Intergenerational Equity Mechanism (MEI). Combined, these measures will generate an extra €865.5 million in revenue.
“We have a pay-as-you-go system, not a capitalization system. So you are not paying for your own future pension—that’s for younger people—but for current pensions,” explained the communicator.
Finally, García de la Granja addressed pensioners directly, stating that “pensioners should also be responsible and aware,” emphasizing the need for shared responsibility.
