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

Share:

KEEP UP TO DATE WITH TGH

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

Latest News

Greece moves to secure rare photos of Nazi execution in Athens

Rare photographs believed to show the final moments of 200 Greeks executed by Nazi forces in 1944 have surfaced online.

Keon Park crowned champions of 2026 Women’s Greek Community Cup

Keon Park SC has been crowned champions of the second Women’s Greek Community Cup, defeating Brunswick City SC 1–0.

Greek women speak: Secrets shared, raw truth revealed at Melbourne’s Greek Centre

At the GCM Greek Centre, silence broke. Greek Women Speak, a symposium by Koraly Dimitriadis, tackled subjects migrant families avoid.

Scholars’ Assembly celebrates academic excellence at St Spyridon College

St Spyridon College held its annual Scholars’ Assembly on the morning of Friday, February 14, celebrating outstanding academic achievement.

Food For Thought Network to hold global online event for International Women’s Day 

The Food For Thought Network (FFTN) has announced a special International Women’s Day online event on 8 March 2026.

You May Also Like

George Velentzas transforms Prospect Rd in Adelaide with major developments

A wave of new businesses is set to transform Prospect Rd, with 10 retail stores opening in the coming months across two major developments.

NBA family, sporting world and global community rocked after death of basketball legend Kobe Bryant

The world has been left shocked today, as it was announced that basketball legend Kobe Bryant died in a helicopter crash on January 26th,...

Company at centre of $400m Westpac fraud open for business

The company, now under Bill Papas' cousin, has been drumming up business over the past few weeks while going through mass layoffs.