Significant growth, even compared to 7.75% which matches the old pensions payable from January 1, 2023, they will have thousands insured provided they submit application for retirement during a year. His great rise inflation in the prior year results in the pensionable earnings of future retirees being calculated for the years 2002 to 2022 at 9.6%, resulting in a significant increase compensatory pension. At the same time, the national pension is also increased by 7.75%. This results in the new pensions being higher than the old ones, even if they received the full 7.75% increase (i.e. no personal difference) and have the same length of service. Already during the first quarter of this year, thousands of insured persons applied for pensions, and, according to experts, by the end of the year their number will exceed 220,000 people. Such as he explains by referring to “K” social security lawyer Aspasia PapathanasopoulouAs already known, those who retired at any time before 12/31/2022 have already received retroactively from 01/01/2023 and henceforth a 7.75% increase in the total amount of their pension, with the difference of course caused by the presence and amount of any paid personal difference.

Due to high inflation, pension earnings for 2002-2022 will be calculated at 9.6%.

“For those who retire from January 1, 2023 onwards, significantly higher annual wage change indices apply, resulting in a significant increase in pensionable earnings against which the compensatory pension is calculated,” notes Ms Papatanasopoulou. We add that “it is therefore possible that a large number of insured persons who have already established a pension right or have established a pension right before 11/30/2023 will choose to retire during this year in order to benefit from this preferential pension regime, which will not apply to retirement retirement in 2024. He even adds that said insured individuals can apply this year and stay at work, receiving a 30% reduction in their monthly pension while they are still insured. For Ms. Papathanasopoulou to conclude that “this choice will understandably lead to an increase in the number of pending pension applications”.

Really, pension statements during the first quarter of 2023, they topped 65,000 according to the most available data, with a peak expected just after the summer while teachers’ final retirement claims are added. It should be noted that in total, more than 212,000 applications were submitted during 2022, which is a continuation of the wave of applications for pensions that began en masse in 2021. It is estimated, especially for teachers, that almost 4,500 teachers are expected to lay off this year, including those who retired during 2022. It should be noted that for the 2022-2023 academic year, initial applications for the dismissal of primary and secondary school teachers were already submitted in February. Of course, they will be accepted and the employment relationship of teachers will be automatically terminated at the end of August.