February 5, 2023

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Pensions: when they are paid for February – who will see an increase

On Thursday 27th January 2023 scheduled to start from efka to push annuities feb with An increase of 7.75%.

The increase will affect approximately 1.7 million retirees. The Minister of Labor and Social Affairs, Kostis Hatzidakis, and the Deputy Minister of Finance have already signed Theodoros Skilakakis The decision to increase basic pensions from January 1, 2023.

According to KYA, the total amount of Main pension With the start of repayment until December 31, 2022 from January 1, 2023 at 7.75%.

They will see this increase – 1,724,713 retirees. Of those, 80%-85% will see a full 7.75% increase, while the vast majority of the rest will see increases in excess of 7% depending on how much of a personal difference they have.

The increase affects all major pensions paid by e-EFKA, with payments starting until 31.12.2022.

In particular, they are affected:

  • Pensions already paid on 31.12.2022 that were awarded before the entry into force of the Katrugalo Law (application before May 13, 2016) and recalculated (old pensions).
  • Pensions already paid on 31.12.2022 that were awarded before the entry into force of the Catrugalo Law (application before May 13, 2016) and whose recalculation has not been completed.
  • Pensions already paid on 31.12.2022 and which were awarded before the entry into force of the Katrugalo Law (application before May 13, 2016) and are not subject to recalculation, i.e. the previous OGA pensions and those awarded by the former Naval Defense Fund (NAT) and not recalculated.
  • Payments made from 13.5.2016 onwards, which are calculated based on the Katrougalou Law and starting payments until 31.12.2022. Pensions that will be awarded from 1.1.2023, but the date of their starting payment depends on the legislation until 31.12.2022, are occupied by monthly pension increments from 1.1.2023 onwards.
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It should be noted that in addition to the 7.75% increase, additional increases and financial support were provided in the previous days for:

  • 912,644 retirees due to cancellation of private solidarity subscription.
  • 1,206,624 retirees with emergency financial aid of €250.
  • 231,655 retirees through Brutsis Act’s fourth annual increase.

In conclusion, with a combination increases above:

  1. 94.6% of retirees will see one, two, or even three increases in their earnings.
  2. More than 1.3 million retirees will see double-digit increases.
  3. One in two retirees will receive at least one additional pension.
  4. 83% of those with a significant personal difference would also see increases through the abolition of the special solidarity tax and the payment of a €250 benefit.