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

Questions surround sudden exit of St Euphemia College principal Penny Pachos

The Greek Herald can exclusively reveal that St Euphemia College principal Penny Pachos is no longer employed by the College.

A century in print: The Greek Herald celebrates 100 years at NSW Parliament

There was something fitting about The Greek Herald celebrating its 100th birthday inside NSW Parliament House.

Giant Cretan Lyra set for Guinness World record recognition

A massive Cretan lyra has been unveiled in southern Crete as its creators pursue a Guinness World Records title.

Mark Bouris shares his plan to live to 100

Businessman Mark Bouris says his goal of living to 100 is driven by family, health and science-backed habits rather than extreme biohacking trends, according...

Jo Boutros loses 40kg and launches healthy eating guide

Balancing family responsibilities, university, and three jobs, she developed unhealthy habits and struggled with binge eating in secret.

You May Also Like

Magical doubles debut for Tsitsipas and Kokkinakis at Miami Open

Stefanos Tsitsipas and Thanasi Kokkinakis scored an emphatic victory in their debut doubles match at the Miami Open on Thursday.

WA marks OXI Day in presence of new Consul-Designate of Greece

On Saturday, November 9, Greeks in Western Australia gathered to commemorate the Greek National Day, known as "OXI Day."

Archaeologists uncover ancient temple of Artemis in Greece

A team of archaeologists from Switzerland and Greece have been working for the last four years to excavate a temple of Greek goddess Artemis.