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

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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.

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