Cargando...The Ministry of Finance and Prices, in coordination with the Directorate of Social Security and the National Bank of Cuba, has approved Resolution 14/2025, which establishes a partial increase in pensions for age and disability that are currently below 4,000 Cuban pesos.
This provision includes retirees from the Ministries of the Revolutionary Armed Forces and the Interior, Heroes of Labor, sports legends, combatants, distinguished scientists and researchers, as well as individuals receiving pensions due to the death of a family member.
At a press conference, it was explained that this measure adjusts the amounts received by beneficiaries in response to the impact of inflation on their purchasing power. Priority is given to those who retired under Social Security Law 24 and before the implementation of the “Tarea Ordenamiento” (Reorganization Task).
Regarding this, Benito Rey González, Director of Social Security, clarified that the increase will take effect on September 1, with the first payment scheduled for the end of the month. The distribution will be as follows:
- An increase of 1,528 pesos for age and disability pensions of retirees under the General Social Security Regime and special regimes, whose current pensions are up to 2,472 pesos.
- Pensioners receiving between 2,473 and 3,999 pesos monthly will receive an increase that brings their total monthly pension up to 4,000 pesos.
- In the case of survivor pensions (widows/widowers, orphans, parents), the increase is calculated based on the amount the deceased relative received, and the beneficiary is granted the corresponding portion.
- For pensioners entitled to more than one social security pension, the increase is applied to the unified pension amount.
Partial Measure with Continuity
Finance and Prices Minister Vladimir Regueiro emphasized that this action reaffirms the government’s commitment to social equity and the protection of low-income individuals in a complex financial context. “For Cuba, protecting not only the worker but also the family members who depend on them is both a priority and a duty.”
“This is not an isolated measure,” he added, “but part of a broader set of policies aimed at strengthening financial support in the face of inflation and rising prices.”
Although he acknowledged that the adjustment is not sufficient, he considered it an important step in the country’s macroeconomic recovery. He also noted that the state budget will allow for future increases in pensions and salaries within the public sector.
The minister explained that with the implementation of this measure, “we are continuing the process of increasing society’s income.” He stated that as the budget recovers, the government will be able to further raise payments related to social security and public sector income. “This is not a one-time measure,” he concluded, “but a first step aligned with current conditions.”
Preparations for Pension Payments
“We have the cash required to make payments to retirees,” stated Julio Pérez Álvarez, Director of Securities Issuance at the Central Bank of Cuba during the conference. He explained that in response to this process, institutions within the banking system—specifically the Metropolitan Bank of Havana—alongside SEPSA and Correos de Cuba, are intensifying efforts to ensure that each branch has the necessary funds to carry out the payments.
He also mentioned that organizational measures have been taken to ensure smooth operations, such as advancing or extending service hours at branches when needed. Priority is being given to areas with high banking demand or where alternative conditions may pose challenges to completing payments.
Additionally, Pérez Álvarez noted that poor practices affecting retirees—such as incomplete payments due to cash shortages—are being evaluated. The goal is to ensure that every individual receives their full entitled amount.
For those collecting pensions on behalf of relatives with disabilities or health-related incapacities, updated legal documents are required. Pérez Álvarez clarified that the official payment document is the “providencia,” and a notarized power of attorney is also accepted, which is currently being integrated into the system. All of this, he added, aims to prevent unauthorized individuals from collecting payments.
At this point, Benito Rey González emphasized that the system allows verification of the authorized collector’s identity, ensuring transparency and security throughout the process.
