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- Ελληνικά
A meeting was held today between the Minister of Labour and Social Insurance, Mr.Yannis Panagiotou, and trade unions and employers' organisations, regarding the alleviation of the actuarial reduction for early retirement.
In his statements, the Minister of Labour and Social Insurance, Mr. Yannis Panagiotou, said the following. In this context, the possibilities for diversifying the actuarial adjustment for early retirement from the Social Insurance Fund in force since 2012 were assessed through actuarial studies, on the basis of which recommendations were formulated and an extensive social dialogue was conducted.
Today the social partners were informed about the final proposal prepared by the Ministry of Labour and Social Insurance with the support of the actuaries of the International Labour Organization.
The proposal for the targeted reduction of the actuarial reduction for early retirement, if implemented, will directly affect more than 11.000 pensioners who will receive increases of around €800 per year.
In particular, pensioners who have worked by paying contributions for more than 40 years, adding at least 40.4 pension units to the basic part of the statutory pension will benefit.
The majority of those affected consist of pensioners who have worked for too many years in occupations characterised by manual duties and limited earnings, such as construction, building, transport, sales and repairs.
Those directly affected amount to 11,049 pensioners, representing 28.9% of the 38.121 retirees who have experienced the actuarial reduction from 2012 to date, with new affected persons for the next few years estimated at approximately 1,000-1,500 new retirees per year.
The targeted relief is implemented for those affected by excluding from the actuarial reduction the part of the pension corresponding to the current level of the full basic pension, amounting to EUR 484 for 2024 and an estimated EUR 512 for 2025, resulting in an increase in each beneficiary's annual pension income of EUR 750 for 2024 and EUR 800 for 2025.
It is noted that the proposal that has been formulated corresponds to the capabilities of the Social Security Fund, without limiting its sustainability and without increasing insurance contributions."
In conclusion, Mr. Panagiotou stressed that the government's planning provides for the immediate convening of the Social Insurance Council and subsequently the Labour Advisory Council, in order to ascertain whether a satisfactory consensus can be formed and subsequently to prepare an amendment bill for submission to the Council of Ministers and its submission to the House of Representatives, with the inclusion of a provision for six-month retroactivity.
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