The door to retirement at age 62 remains open to thousands of “lucky” insured individuals in both the public and private sectors, provided they have established the special conditions envisaged in previous years. These are, among other things, the basis of 25 years or the presence of a minor child in the period 2010-2015, as well as the redemption of fictitious years that give them during 2023 the possibility of early retirement with either a reduced or full pension.

“K” is presenting today, with the help of attorney Dionysos Rizos, who specializes in pension matters, a complete guide to the special restrictions that will apply in the new year. The year, which, according to experts, will be characterized, like 2022, by mass retirement, early or by law, of hundreds of thousands of insured persons. And this is because the pension rights of people who entered the labor market in the 80s are now maturing, while at the same time the exceptions provided for in 2015 are being used so that the abolition of early pensions does not dramatically turn the life of the policyholder’s plans upside down.

It should of course be noted that, as a general rule for 2023, retirement with a full pension occurs at age 62 after a total of 40 years of insurance, and also at age 67 with at least 15 years of insurance.

However, based on both 2015 and 2022 legislation, there are thousands of insured individuals in the public and private sectors who, if they wish, can open the door to early retirement in 2023 based on the age limits and retirement conditions they already have. installed. secured.

In particular, according to Mr Rizo, the categories that can retire before reaching the general age limits are:

A) From the age of 35. Publicly insured persons wishing to retire at age 35 must have completed both 35 years of insurance by December 31, 2021, even with the purchase of fictitious years, and 58. Thus, they will be able to retire with an age limit that depends on case reaches up to 61 and 6 months.

B) From the age of 37. Since civil servants reached the age of 25 by 12/31/2010, they have the opportunity to retire at the age of 37 during 2023 only if they reach the required age limit, i.e. 61 years and 2 months.

c) Early retirement. Under a recent law, insured state men and women who wish to retire with a reduced pension must have 25 years of insurance coverage even with the purchase of fictitious years before 12/31/2012 and the age limit is up to 31 /12/. 2022. This right may be exercised in the future (2024, 2025, etc.). In practice, this means that:

Critical factors, 25-year fund, presence of a minor child in the period 2010-2015. and redemption of fictitious years.

• Women who turned 25 in 2010 can retire if they turn 55 in 2022.

• Women and men who turned 25 in 2011 can retire at age 56 if they reach that age in 2022.

• Women and men who turned 25 in 2012 can retire at age 57 if they turn 25 by December 31, 2022.

In all cases, when the age limit ends after 01/01/2023, then in order to receive an early / reduced pension, you must reach the age of 62 years.

For IKA insured persons who became eligible before 2012 with 10,500 insurance days worked even with the purchase of fictitious years, they had to have worked at least 61 and 6 months to retire at 35.

For IKA insured persons in severe (BAE) who acquire the right to 7,500 days of insurance in BAE mode and 10,500 days of insurance completed even with the purchase of fictitious years in total, there is an option to exit in the 60th year for a reduced pension and in the 62nd for the full.

Year 62 also applies to IKA insured persons who are entitled to 3600 days of insurance under the BAE scheme and with 4500 days of insurance completed even with the purchase of fictitious years. Special age restrictions apply to women in this category from 55 years old on full pension (if 3600 BAE days have been worked in 2010) to 52 years old (if 3600 BAE days have been worked since 2013).

For those insured in the UAE (TEBE, TAAE, ATS) and ETAA (Legal Fund, TSAU, CMEDE), who became eligible before 2012 with the completion of 35 years of insurance even when buying fictitious years, the applicable limit that must have completed reaches up to 61 and 9 months.

Regarding parents in the State, DECO, Banking Funds and IKA

In 2023, there are also special age limits for parents, men and women with the right to “exit” even at 50 and up to 58 years old, if they have previously secured the right to retire. Of course, the key role in this case is played by the moment when the child became an adult. In particular, as lawyer Dionisis Rizos notes, the following rules apply in the new year:

A) Retirement at 25 and a minor child. Parents of minors (men and women) and having three or more children, insured by the state, as well as mothers and widowed fathers, insured in the DEKO-Bank Funds, who had the legal right to retire and wish to retire depending on the year of foundation at 50 years. or 52 or 55 can retire after 01/01/2023. These categories include:
• Mothers of civil servants and employees of DEKO-banks who have reached the required age of 25 years in 2010 and at the same time have a minor child.
• Parents (male – female) civil servants and mothers of DECOs – bank employees who reached the required age of 25 in 2011 even with the expiration of fictitious years and had minor children.
• Parents (male-female) of civil servants and mothers of employees of DECO-banks who worked the required 25 years in 2012, even with the redemption of fictitious years, and at the same time have a minor child.
• Civil servants with three or more children (male – female) (even when buying fictitious years by children) and mothers of three DECO children – bank employees who worked the required 20 years in 2011.
• Civil servants with three or more children (male – female) and mothers with three children, DECO – bank employees who worked in 2011 for the required 20 years, even with the repayment of fictitious years.
• Civil servants with three or more children (men – women) and mothers of three children, employees of DECO – banks, who worked in 2012 for the required 20 years, even with the repayment of fictitious years.

B) Parents with insurance for 5500 days and a minor. Mothers and widowed fathers of minor children of IKA Funds of DEKO-banks, who were legally entitled to a pension, having completed 5500 days of insurance, and at the same time, the minor can retire after 01/01/2023 according to the age limit, in accordance with Law 4336/2015. These categories include:
• Mothers who in 2010 completed a total of 5,500 days of insurance and a minor child and thus registered their 50th birthday with a reduced pension and 55 years with a full pension.
• Mothers who in 2011 completed a total of 5,500 insurance days and a minor child and thus registered their 52nd year for a reduced pension and 57 years for a full pension.
• Mothers who in 2012 completed a total of 5,500 days of insurance and a minor child and thus registered their 55 years for a reduced pension and 60 years for a full pension.