In January the increases in pensions – Who will see a double increase in their earnings

By Chrysostomos Tsoufis

Against all the initial estimates that spoke even for April, the government, as revealed by Kostis Hatzidakis speaking to SKAI, plans to give pension increases in January. That is, pensioners will see the increase in their pockets as they collect the February pensions.

With inflation eating away at people’s incomes, the government decided it should not keep pensioners waiting until ELSTAT announces at the beginning of March 2023 its (first and not final) estimates of what the growth rate of 2022 finally closed. The amount of increases is derived from half of the sum of inflation and growth. So the government will rely on the forecasts of the final draft budget that will be voted on in December and based on them will calculate the increases.

In the event of a deviation (which, if there is, we will know about mid-October 2023) either upwards or downwards, it will be offset in the increases of 2024. This way of calculating and rendering the increases in pensions will be provided for in a legislative regulation that it will be incorporated into the insurance bill that will be passed in Parliament in November.

Based on the calculations of the Ministry of Labor, 95% of pensioners he will see increases in his earnings one way or another. This is because in addition to unfreezing the increases, the solidarity levy is abolished and the 4th installment of the recalculation of pensions based on the Vroutsi law is given for the old insured with more than 30 years of insurance. In addition, low-income pensioners with pensions of up to €800 will receive the Christmas days and the accuracy check of €250.

Due to the combination of these benefits, 1.3 million pensioners will have at least a double increase in their earnings and one in two will have a benefit equal to an additional pension. Even 9/10 of those with a large personal difference will see real increases in their pocket.

On the front of pending pensions, EFKA also “cleaned up” those of 2020. So now (apart from international pensions or cases with debts or other “entanglements”) there is no pensioner who submitted a pension application from 2016 to 2020 who is he was waiting for you. Only 8,500 main pensions remain for 2021 and €17,000 for this year.

Very soon these will also be a thing of the past and EFKA will be able to focus on the liquidation of ancillary and one-off payments with the aim of zeroing them out by the summer of 2023.

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