Greece to give one-off allowance to pensioners excluded from official raise

·

Greece will disburse a one-time allowance to pensioners that is expected to cost around 300 million euros, Prime Minister Kyriakos Mitsotakis said on Tuesday. 

Mitsotakis said the one-off benefit will be given to pensioners who did not see increases in their pensions at the end of 2022 due to the so-called “personal difference” measure.

This measure refers to the difference between pensions issued before and after the May 2016 cut-off date.

Christos Vassilopoulos, 82, holds a 5-Euro banknote at a coffee shop in Athens, Greece, October 6, 2022. Photo: Lefteris Partsalis/Xinhua.

Each individual who is eligible for the extra allowance is expected to get from 200 to 300 euros, depending on the level of their pension.

Mitsotakis added that the allowance will be given “taking into account fiscal ability.”

“This government is not going to leave the path of fiscal stability, but as long as space is created we will make sure to correct the injustices,” the Greek Prime Minister said.

Source: Bloomberg and Ekathimerini.

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

From crisis to compassion: Timos Roussos and his family’s mercy mission in war-torn Cyprus

When Turkish troops landed on Cyprus on 20 July 1974, six-year-old Timos Roussos was sitting on the floor of his family’s home in Lemesos.

A granddaughter returns: Georgia Georgiou retraces her yiayia’s occupied village in Cyprus

When Georgia Georgiou handed over her Cypriot ID at the border checkpoint to cross into occupied northern Cyprus, she felt an ache.

‘You never get over it’: A childhood shattered by the Turkish invasion of Cyprus

On a warm July morning in 1974, 10-year-old Anastasia Di Loreto (née Karatzia) was jolted awake by the sound of bombs falling on Kyrenia.

Cyprus: The paradox of tolerance and impunity for Turkey

The lack of a unified, systematic and practical strategy on the part of Greece has led the Cyprus crisis into national disarray.

Lost homes and lingering hope: Greek-Cypriots reflect on Turkish invasion and its aftermath

From hidden stories to haunting memories, two Greek-Cypriot men share what it means to carry the burden of Cyprus’ past.

You May Also Like

Young descendant of Cretan resistance fighters shares thoughts on Battle of Crete

The Battle of Crete was the operation for the capture of Crete by the Germans during World War II. On the morning of May 20, 1941.

Entrepreneur Effie Cinanni wins coveted 2024 National Australian Achiever Award

Small Chilli Marketing, founded by Greek Australian entrepreneur Effie Cinanni, has clinched the 2024 National Australian Achiever Award.

Adriana Christopoulos appointed Chair of the SA Multicultural and Ethnic Affairs Commission

Greek Australian Andriana Christopoulos has been appointed Chair of South Australia's Multicultural and Ethnic Affairs Commission (SAMEAC).