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Tag Archives: pension

Pension rise of over over 7% goes in effect as of Jan 1

The 7.75% raise in basic pension checks as of January 1, 2023 was signed as a joint ministerial decision (KYA) on Wednesday by Labor & Social Affairs Minister Kostis Hatzidakis and Alternate Finance Minister Theodoros Skylakakis. The raise had been announced on several occasions by the government, including by the …

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Greece’s top court rules for backdated payment of wrongfully cut pensions

The Council of State, Greece’s supreme administrative court, on Tuesday ruled in favor of the backdated payment of pensions that were wrongfully cut between June 2015 and May 2016. The court ruled in favor of pensioners who had appealed against the pension cuts, seeking the backdated return for the above …

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Golden pension of 23,000 euros per month for notary

In Greece of meanwhile overcome economic crisis there have been golden pensions of 23,000 euros per month. Entitled for this “astronomic” pension amount for Greek realities was a notary in 2018. A document from the Social Security Fund EFKA was obtained and published by daily Ta Nea on Tuesday. According …

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Cashed mother’s pension: SYRIZA EU candidate resigns after public outcry

Aspiring member of the European Parliament, Myrsini Loizou, was forced to resign from the SYRIZA EU elections list, after media reported that she was illegally receiving the pension of her deceased mother for 5.5 years. A public outcry broke out on Friday after two newspapers reported that Loizou was furthermore …

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Pension contributions for freelancers, self-employed, farmers to decrease as of Jan

Pension contributions by freelance workers, the self-employed and farmers towards their pension will drop from 20% to 13.3% once a new law is voted, Labor Minister Efi Achtsioglou told News 24/7 radio station on Tuesday. The draft law for the reductions, which will include other professions as well, will be …

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What will happen if Greece abolishes the pension cuts despite creditors objections?

Greece insists that the austerity measure to further pension cuts as of 1. January 2019 is not necessary. Creditors try to avoid commenting on that, although the usual “Euro Sources Anonymous” claim that the euro finance ministers are against abolishing of the measure. “Greece’s budget 2019 will not include pension …

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