Greek pensioners among the worst off in the EU, study shows

·

Contrary to the widespread belief that Greek pensioners enjoy more favorable retirement conditions than their European counterparts, data from the E-Governance in Social Insurance (IDIKA), Greece’s social security aggregator, reveals that they are among the oldest retirees in Europe, tovima.com, has reported.

An analysis by the Union for the Defense of Labor and the Welfare State (ENYPEKK-Greece standing up), led by social security expert Alexis Mitropoulos, found that eight out of ten Greek pensioners are over the age of 65. Nearly two million out of a total of 2.497 million retirees, including disability pension recipients, fall into this category.

The majority of Greek retirees (60%) are over 71, with a median gross pension of €882 before taxes and deductions.

Only 5% of pensioners are under 50—about 115,000 individuals, primarily receiving widowhood and disability pensions. Those between 55 and 60 make up just 4.4% of the total.

“The official data from the Ministry of Labor refute those who, in recent years, falsely claimed (to justify pension cuts and raise retirement ages) that Greeks retire significantly earlier than other Europeans,” stressed Alexis Mitropoulos, professor at the National and Kapodistrian University of Athens and president of ENYPEKK.

Women, who already earn lower wages than men in Greece, are the most affected. The gender pay gap stands at 10%, rising to 15% in the private sector, where women earn just 85% of men’s salaries.

Similarly, the IDIKA report highlights that male retirees in the old-age category outnumber female retirees and receive higher pensions. According to the latest Eurostat data, Greece’s gender pension gap reaches 24%.

Source: tovima.com

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Konstantinos Argiros meets NSW Premier after sold-out Opera House performances

At NSW Parliament on Friday, Premier Chris Minns and Ministers Courtney Houssos and Sophie Cotsis welcomed Konstantinos Argiros.

‘Love, care and respect’: Chris and Nikolitsa Bakopoulos share the key to 70 years of marriage

From Patras to Bexley, Chris and Nikolitsa Bakopoulos’ 70-year love story is a timeless testament to faith, resilience, and devotion.

Accused Easey St killer Perry Kouroumblis previously gave police an alibi, court hears

Accused Easey Street killer Perry Kouroumblis has told police he was with a friend on the night two women were brutally stabbed in 1977.

How Greece’s new law changes inheritance and property processes for Greeks abroad

Athens lawyer Panagiotis Rozakis says Greece’s new digital reforms will simplify and speed up inheritance and property matters for diaspora.

Snowtown killer James Vlassakis’ parole review to be heard in private

The parole review of Snowtown murderer James Spyridon Vlassakis will be conducted in private. Read more here.

You May Also Like

AHEPA court battle: Which side was vindicated by the NSW Court of Appeal?

The NSW Court of Appeal announced on Friday, 6 August 2021 its decision in the Lianos V AHEPA NSW Inc case.

Opening night for the 2nd Zeibekiko Festival Australia promises a spectacular cultural experience

The official opening night of the 2nd Zeibekiko Festival Australia, titled "ΕΝΝΕΑ ΟΓΔΟΑ 9/8," is set to be an unmissable cultural spectacle.

Newcastle honours Father Nicolaos Zervas OAM with top award

More than 50 years of community service has lead to Father Nicolaos Zervas OAM becoming the 17th Freeman of the City of Newcastle.