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2024-10-06 11:09:21
#Unpleasant #news #Minister #Social #Affairs #increase #pensions
Payment of October pensions begins.
In particular, on Wednesday 25/9, pensions will be paid by OAEE, OGA, ETAA (non-Employees) for the month of October. At the same time, it is pointed out that on the same day the EFKA pensions will be given to those who are retired (Employed & Unemployed) from 1/1/2017 onwards (Law 4387/2016) but also the supplementary pensions of the private sector (unemployed and employed) .
Two days later on Friday, September 27, the pensions will be paid by IKA – ETAM, the State, NAT and KEAN, ETAP – SME, ETAT, TSEAPGSO, TSP-ISAP, PPC and OTE.
Also on the same day, the temporary pensions of the Armed Forces, Security Forces and Fire Brigade will be given as well as the supplementary pensions of the State.
Please note that payments will be available at ATMs after about 16:00.
#Pensions #October #time #money
Pension payments are backdated for around 30,000 State pensioners in October.
The amounts they will receive from EFKA come from the increase they received in their pensions after their recalculation with the improved replacement rates of the Vroutsis law (n. 46670/2020) from 30 years of insurance and above.
The recalculation was completed last year in November but pensioners only got the increase without the retroactives of up to 48 months, as the law’s improvements to replacement rates take effect from October 2019.
EFKA is settling this pending issue now and in the next few days the 30,000 pensioners will be paid their retroactive dues.
Beneficiaries include old-age pensioners with successive insurance (e.g. IKA and Public), pensioners who continued or took up work after retirement, as well as pensioners with parallel insurance in public and TSAU, Public and TSMEDE, etc.
The recalculation with the replenishment rates of Law 4670/2020 is more favorable for those who have 30 years of insurance or more compared to the rates that were in force under the Katrougaklou Law (Law 4387/2016).
At 35 years, the Katrougalou law gave a replacement rate of 33.81% and the Vroutsis law 37.31%. With 40 years of insurance, the replacement rate under the Vroutsi law increased to 50.01% from 42.80% under the Katrougalou law.
Differences in replacement rates raise contributory pensions. A pensioner with 40 years of insurance and a salary of 1,800 euros, with the Katrougalou law he got a compensatory pension of 770 euros, while with the Vroutsi law, his pension increased to 900 euros, that is, he got an increase of almost 130 euros per month. Together with the national pension, he received 1,155 euros, and with the recalculation it reached 1,284 euros.
The replacement rates up to 30 years of insurance did not change and remained as they were determined in the Katrougalou law, as the injustice in contributions as well as in replacement rates – which was also identified in court decisions which were the reason for the law to be changed – related to pensions that the insured received from the age of 30 and over.
The difference in replacement rates brought pension increases to more than 450,000 retirees, while bringing the reduction and ultimately zeroing of the personal difference more quickly with the increases made to pensions in 2023 and 2024.
Source: ot.gr
#Pensions #retroactively #October #concerned #amounts
A total of 2,311,018,321 euros will be paid to 4,197,273 beneficiaries, from 23 to 27 September 2024, as part of the scheduled payments of the e-EFKA and the Public Employment Service (DYPA).
In particular, as stated by the Ministry of Labor and Social Security in its announcement:
From e-EFKA:
DYPA will pay:
#map #payments #eEFKA #DYPA #pensions #paid
The government expects an explosion of pensions in the coming years, as the scenarios for increasing the retirement exit limits, lead more insured people to apply for retirement.
The effects of the worsening demographic problem are putting back on the table the possibility of raising the general retirement age after 2027. This is pushing those who can afford to leave.
At the same time, the exodus is exacerbated by the possibility – now – given to pensioners to continue working, without losing part of their pension.
According to EFKA’s data so far, pension applications during the first half of the year approached 100,000, while it is estimated that at the end of the year they may reach 230,000 to 250,000 applications.
The figures show that new pension applications reached 99,434 in the first half of the current year, indicative of the increase seen within 2024. The Atlas Report for the period January – June shows that compared to the corresponding period last year, when they had 94,851 were submitted, an increase of 4,583 applications this year (4.6% rate).
In the upward trend, an important role is played by the demographic problem that creates a permanent doubt around the possible increase in the retirement age limits. Despite the fact that the Government has made it clear that the next audit for the insurance system will take place, as planned, in 2027, the climate of a possible increase in the general age limits, however, remains.
Reports that have been made public about the effects of the demographic problem, bring back to the table and in the public debate measures such as the increase of the general retirement limit, the extension of working-insurance life and the reduction of replacement rates. The government “commits” – as far as they are concerned – only for the period until 2027. The statements of competent government actors leave open the possibility that there will be changes after this particular year.
The nightmarish measures for insurance came back to the news with the actuarial study of the National Actuarial Authority, which was used in the corresponding report of the European Commission.
The report basically put on the carpet the ominous demographic developments and their effects. The increase in life expectancy, combined with the limited births and the aging of the population, have as a direct result the increase in the retirement limit. The report mentions for our country the possibility of the statutory retirement age increasing to 67.5 years from the current 62 years – with 40 years of insurance.
In the interim and until 2030, it is proposed to increase the current age limit of 62 years with 40 years of insurance to 63.5 years. At the same time, the general age limit, which is currently 67 years, may reach 68.5 years in 2030 and 72.5 years in 2070.
Source: ot.gr
#Pensions #Applications #rise #demographics #age #limits
The government expects an explosion of pensions in the coming years as the scenarios for an increase in the retirement exit limits lead more insured persons to the… pension application.
The effects of the worsening demographic problem are putting back on the table the possibility of raising the general retirement age after 2027, pushing those who can afford to leave. At the same time, the exodus is enhanced by the possibility – now – given to pensioners to continue working, without losing part of their pension.
According to EFKA data so far, pension applications in the first half approached 100,000while it is estimated that at the end of the year they may reach 230,000 to 250,000. The figures show that new pension applications totaled 99,434 in the first half of the current year, pointing to an increase seen through 2024.
The Atlas Report for the period January – June shows that compared to the corresponding period last year, when 94,851 were submitted, an increase of 4,583 applications is recorded this year (4.6%).
An important role in the upward trend is the demographic problem that creates a permanent doubt about the possible increase in the retirement age limits. Despite the fact that the government has made it clear that the next audit for the insurance system will take place, as planned, in 2027, nevertheless the mood of a possible increase in the general age limits remains.
Reports that have been made public about the effects of the demographic problem bring back to the table and in the public debate measures such as the increase of the general retirement limit, the extension of working-insurance life and the reduction of replacement rates. The government “commits” – as far as they are concerned – only for the period until 2027. The statements of competent government actors leave open the possibility that there will be changes after this particular year.
The nightmarish measures for Insurance came back to the news with the actuarial study of the National Actuarial Authority, which was used in the corresponding report of the European Commission.
The report basically put on the carpet the ominous demographic developments and their effects. The increase in life expectancy combined with the limited births and the aging of the population have as a direct result the increase in the retirement limit. The report mentions the possibility for our country the statutory retirement age to be increased to 67.5 years from the current 62 years – with 40 years of insurance.
In the interim and until 2030, it is proposed to increase the current age limit of 62 years with 40 years of insurance to 63.5 years. At the same time the general age limit, which is currently 67 years, may reach 68.5 years in 2030 and 72.5 years in 2070.
As is natural, these scenarios create flight tendencies among the insured who have the option of leaving. In addition, two additional reasons contribute to the increase in applications:
#Pensions #tsunami #exits #coming #applications #age #limits #reach
