Pensions in Greece set to increase for first time in 12 years in 2023

·

Deputy Labour and Social Affairs Minister, Panos Tsakloglou, has said in an interview with local media that 2023 will see the increase of pensions in Greece, the first of its kind in 12 years.

The minister noted in his interview that the Greek government has been supporting the income of pensioners in several ways.

Tsakloglou referred to the challenges he faced when he took over the department and said he focused on the emblematic reform in the architecture of the public social security system.

The minister says the introduction of capital supplementary insurance aims to “reduce the exposure of the social security system to the demographic aging of the population, to the increase of savings.”

“This will be invested significantly in the Greek economy, enhancing growth, providing disincentives for uninsured work and providing higher pensions to future generations.”

Source: Hellenic News

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Everything Greeks abroad must know about registering land in Greece by November 30

Tension is mounting among the Greek diaspora in Australia as the final deadline of November 30 looms to register property.

Historical novel ‘Bound to Two Homelands’ launched in Melbourne and Canberra

Associate Professor Con Aroney's historical novel 'Bound to Two Homelands' launched in Melbourne and Canberra.

Giannis Antetokounmpo co-produces film set on Mykonos island

The Greek basketball superstar, already known for his ventures in energy drinks, wineries, is now adding cinema to his business repertoire.

Mystery of the 300 million euro home listed for sale near the Acropolis

A single-family home on Dionysiou Aeropagitou street, directly across from the Acropolis had been listed setting a new record.

The Economist predicts return of Parthenon Marbles to Greece by 2025

The long-standing dispute over the Parthenon sculptures, also known as thee Elgin Marbles, may see significant progress.

You May Also Like

‘Mind, Mythos, Muse’: The Greek side of Alexander McQueen at the NGV

'Mind, Mythos, Muse': The Greek side of fashion designer Alexander McQueen at the National Gallery of Victoria.

South Melbourne football legend Jimmy Armstrong passes away

The loss of football champion Jimmy Armstrong has been announced today, August 19. His legacy includes South Melbourne's Team of the Century.

Turkish President visits Hagia Sophia ahead of grand reopening as mosque

Turkey's President visited Hagia Sofia on Sunday, just days before the first Muslim prayers are due to be held there since it was reconverted to a mosque.