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

Apostolakis and Trimis named on Young Matildas AFC U-20 Women’s Asian Cup squad

Greek Australian players Alexia Apostolakis and Peta Trimis join CommBank Young Matildas new squad for AFC U-20 Women's Asian Cup.

Mitsotakis addresses Greek Australians in March 25 message amid postponed visit

Greek PM Kyriakos Mitsotakis has delivered a video message to the Greek Australian community marking the Greek War of Independence.

Melbourne fertility pioneer Nick Lolatgis set to retire early

Dr Lolatgis has abruptly announced his retirement, leaving behind a months-long wait list for his breakthrough pregnancy treatment.

25 March 1821: The making of Modern Greece

Names such as Kolokotronis, Karaiskakis, Diakos, and Bouboulina were learned from an early age and commemorated in parades each March.

1821: Cyprus’ sacrifice and the enduring spirit of March 25

For the Cyprus Community of NSW, March 25 is both a celebration of Greece’s liberation and a remembrance of Cyprus’ own sacrifice.

You May Also Like

Greek Australian author Christos Tsiolkas honoured on The List: 100 Arts and Culture 2022

Australian author, Christos Tsiolkas, has been honoured on this year’s top 100 Arts and Culture List by The Australian.

History and heritage united: Evzones receive warm reception in South Australia

Greek Australians were filled with pride on Thursday, 24 April 2025, as the Evzones stood in reverent formation during an official reception.

Turkey rejects European Parliament call for sanctions

The European Parliament was accused of being “prejudiced and disconnected from the realities” on Cyprus.