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

St Spyridon Church welcomes Metropolitan Irinaios of Florina during Australia visit

As part of his visit to Australia, Metropolitan Irinaios of Florina, Prespes and Eordaia was welcomed at St Spyridon Greek Orthodox Church.

Beloved South Melbourne FC figure Filio Valkanis passes away

The football community is mourning the passing of Filio Valkanis, a cherished and long-time supporter and Life Member of South Melbourne FC.

Greek water polo team defeat Italy to reach European Championship semi-finals

Greece’s men’s national water polo team booked a place in the European Championship semi-finals for just the third time in its history.

Peter Koulizos says $1m median homes reflect typical Australian property

Three more capitals, Brisbane, Canberra, and Melbourne, are expected to join Sydney in the “million-dollar” housing club in 2026.

Author Natalie Kyriacou on nature, storytelling and a world in crisis

Greek Cypriot–Australian author and environmental advocate Natalie Kyriacou has released her debut non-fiction book.

You May Also Like

Sydney’s Greek, Armenian and Assyrian communities March for Justice

The Armenian, Assyrian and Hellenic communities joined voices to demand Federal parliamentary recognition of their ancestors' genocides.

Once upon a Paramythi: Reviewing Anna Dimitriou’s new title on Greek Australian literature

Most of these mythical tales were narrated through the voice of a grandparent or parent, passing on secret wisdoms and dreamlike lessons.

Beloved Father Andreas from St Catherine Greek Orthodox Church in Malvern passes away

Parish Priest at St Catherine Greek Orthodox Church in East Malvern, Father Andreas Papadimitropoulos, passed away on Saturday afternoon.