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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

John Stamos explores his Greek heritage in emotional documentary

In a new documentary, Hollywood actor John Stamos embarks on a personal journey to uncover his Greek ancestry.

Actor Adam Demos opens up on his exciting new role

Australian actor Adam Demos, takes on a new challenge in Rescue: HI-Surf, where he plays lifeguard Will Ready on O‘ahu’s North Shore.

Bauhaus-inspired revival for Athens’ Faliro Bay waterfront

The European Commission has approved €370 million in funding for the Faliro Bay Metropolitan Park in Athens.

Expansion work set to begin at Athens International Airport

Preliminary construction for the expansion of Athens International Airport is scheduled to commence in the first quarter of 2025.

Study ranks Greece among world’s scariest places to drive

According to a recent survey by Scrap Car Comparison, Greece ranks among the most nerve-wracking places to drive in the world.

You May Also Like

Vitsentzos Kornaros: Influential Cretan poet

In 1617, Greece lost one of its greatest lyricists as the Cretan poet, Vitsentzos Kornaros, drew his final breath.

‘Omeros on the Beach’ restaurant at Ramsgate Beach permanently closes after almost 20 years

St George's Greek community is outraged after 'Omeros on the Beach' restaurant at Ramsgate Beach closed its doors for good.

Andy Koronios: The Greek behind Australia’s Space Sector Revolution

Adelaide-based SmartSat Cooperative Centre (CRC) CEO and Managing Director, Professor Andy Koronios, leads SA's first satellite program.