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

Steve Georganas MP marks World Greek Language Day in Federal Parliament

Steve Georganas MP marks World Greek Language Day in Parliament, highlighting UNESCO recognition and the Greek language’s global impact.

Panagia Kamariani revives grape stomping tradition in Melbourne’s Red Hill

The Parish of Panagia Kamariani in Red Hill, marked the Sunday of the Prodigal Son by reviving the traditional grape stomping festival.

Krama Brass Jazz Band dazzles Sydney audiences

The Cyprus Community Club in Lakemba hosted a standout live music event on Saturday, February 7 with the Krama Brass Band.

Faith, music and community spirit shine at the Greek Festival of Coburg

Coburg was filled with faith, music and community spirit on Sunday, February 8, as hundreds gathered for the annual Greek Festival of Coburg.

Friendship becomes philanthropy: The Happy Friday Supper Club’s lasting impact

On Friday, 6 February 2026, the Happy Friday Supper Club (HFSC) hosted its 16th Annual Awards Gala at the Establishment Ballroom.

You May Also Like

Cretan and Kalymnian youth in Sydney unite for a night of dance, music and kefi

The spirit of Greece came alive in Sydney as the Cretan Youth Association of Sydney and the Kalymnian Youth Society of NSW hosted Xoro.

Peter Andrinopoulos writes book to celebrate Greek women of influence

Greek women of power were celebrated at the launch of Peter Andrinopoulos’ book, Greek Women of Influence 1821-2021.

Greek sprinter Athanasios Ghavelas wins gold, breaks world record at Tokyo Paralympics

Greek sprinter Athanasios Ghavelas has set a world record and won Greece’s first gold medal at the Tokyo Paralympics.