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

Penny Pachos reinstated as St Euphemia College principal after Archbishop meeting

Penny Pachos has been reinstated as Principal of St Euphemia College, with the Greek Orthodox Archdiocese confirming her continuation.

5,000 years beneath our feet: A Kytherian dig that needs us

This month, a team of archaeologists from the University of Sydney is starting to dig into 5,000 years of our story there.

Antipodean Palette 2026 to celebrate the continuing story of Greek Australian culture

Antipodean Palette has become one of the most significant annual cultural events in Melbourne's Greek Australian calendar.

Thousands of free water-saving kits to be distributed across Cyprus

Cyprus is stepping up efforts to tackle water scarcity by distributing thousands of free water-saving devices to households and businesses.

Steve Maras confident Adelaide’s Rundle St will rebound despite rising vacancies

Rundle Street’s vacancy rate has risen above 10 per cent, reflecting pressures facing retailers across Australia.

You May Also Like

Greece’s former National Theatre Director out on parole after being found guilty of two rapes

The Greece's former National Theatre Director, Dimitris Lignadis, has been released pending appeal after he was found guilty of two rapes.

Free psychological support for Greek diaspora offered by Melbourne institute

The Cairnmillar Institute in Melbourne is offering free counselling services in Greek during the coronavirus crisis to support Greek diaspora.

Students get competitive on first day of Greek Orthodox National Schools Event

The first official sporting day of the 2024 Greek Orthodox Archdiocese of Australia National Schools Event took place on Wednesday.