Finally, it takes the personal difference for 100,000 pensioners with the increase they will get in December in their pensions.

The rate of increase is expected to be around 2.5% and it is estimated that tens of thousands of retirees will zero out the personal difference, as the amount of the increase they will get will be greater than the rest of the personal difference.

The net profit, i.e. the increase they will have over their personal difference, will be up to 30 euros per month, as long as their difference balance is very small.

In the cases where the pensioners zero out the personal difference with the increase they will get next December that will be paid in the January 2025 pension, they will receive for the whole of 2025 the new and higher pension than the one they have today.

In practice, pensioners who will zero out the personal difference will for the first time get a net increase in their pension after the Memoranda.

According to the Free Press, it is estimated that around 100,000 pensioners are left with a personal difference of less than 40 euros, which means that from 2025 they will start getting real increases in their pensions.

Who zero the personal difference with the December increase

With a 2.5% increase in pensions for 2025, which will be paid out next December (about two months from now), many pensioners with 35 to 40 years of insurance.

For example:

  • Old-age pensioners of the IKA with 35 years currently receive an average of 1,169 euros compensatory and national pension before tax with a personal difference balance of 12 euros. With the increase in December, they will zero out the personal difference and have a net increase (above the personal difference) of 17 euros per month.
  • Old-age pensioners from the Legal Fund with 35 years currently receive an average of 861 euros in compensatory and national pension before tax with a personal difference balance of 13 euros. With the increase in December, they will zero out the personal difference and have a net increase (above the personal difference) of 9 euros per month.
  • Old-age pensioners from the former Agricultural Bank Fund with 36 years currently receive an average of 1,289 euros compensatory and national pension before tax with a personal difference balance of 10 euros. With the increase in December, they will zero out the personal difference and will have a net increase of 22 euros per month.