Spanish state pension up 5.8%

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SPAIN - The average monthly state pension for retirees in Spain rose to €727.70 on 1 November - a 5.8% increase on the average state pension on the same date in 2005.

At the same time as it announced the increase, the ministry for work and social affairs said it was now paying out €5.3bn a month in pensions: 7.4% more than it was this time last year. In Octob...

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