Thursday , June 24 2021

Retrospectively: New round for 255,000 retirees



By ARGYROS K. MAVROULI

The government is expected to proceed with the payment of a new round of retroactive payments to some 255,000 retirees in the last two months of the year. The management of the Ministry of Labor and Social Affairs secured more than 350 million euros to proceed:

– The increase in the main pensions and the payment of the 15 retroactive months to 190,000 insured with more than 30 years of insurance.

– The increase and payment of setbacks based on the new work regime of 30,000 retirees, who will receive retroactive benefits from March 2020.

– The increase of 35,000 temporary pensions issued since 5/13/2016. According to information from Realnews, from the competent services of the National Electronic Social Security Agency, e-EFKA will initially increase the percentage of all temporary pensions until the end of November, while in December the retroactive 15-month repayment and replacement replacement pension rates for those with more than 30 years of insurance.

Credits

In the first phase, the money will be credited to retirees as of May 13, 2016. In the second year, the “retired” will follow, as compensation is required with the personal difference that was recorded. The completion of the process is expected to be completed in the first months of 2021. For the next year, it seems that there is an increase in the pension rate from 30% to 60% for retired pensioners who work and for retroactive amounts from March 2020. In December It is expected to begin the payment of retroactive amounts for retirees with more than 30 years of insurance and retroactive amounts of 15 months, since the adjustment is valid as of October 1, 2019. The new rates will be applied to all, both those who have already retired and those who will retire in the future. According to lawyer Dionysis Rizo, about 500,000 ex-retirees who left before the Katruggalo law was passed, that is, before May 2016, will have a very large accounting impact on their pension, as the eligible increase will be absorbed for the personal difference. This category has a personal difference, that is, the pension you receive is higher than the one you are entitled to after applying the Katrougalos law. As replacement rates increase, the personal difference decreases, but not enough to cover the excess amount already paid. This category will achieve an increase in revenue from 2023.

Read the full Realnews post here




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