Increases in pensions: From this afternoon the payment starts

From this afternoon, the increased rates will begin to be credited pensions in the accounts of 1.7 million beneficiaries. Until tomorrow, Thursday, January 26, 560.5 million euros will be paid for the main and auxiliary February pensions to 941,400 pensioners from the former institutions OAEE, OGA, NAT, ETAT, ETAA, ETAP-MME and PPC.

Her Friday January 27th (as of Thursday afternoon) 802.4 million euros will be paid to 1,520,000 pensioners of the State, IKA-ETAM, banks and OTE whose AMKA expires on 1, 3, 5, 7 and 9 .

The process will be completed on Monday January 30th with the payment of the main and supplementary February pensions to the pensioners of the State, IKA-ETAM, banks and OTE whose AMKA ends in 0, 2, 4, 6 and 8.

Double increase on next payment

The increase “runs” from 1/1/2023. However the retrospective of January will be paid at the end of February with the March pensions. This means that in the next payment, pensioners will see a double increase.

Out of a total of 1.7 million beneficiaries, about 1.4 million pensioners will see the entire 7.75% increase. About 300,000 pensioners will see a smaller increase (with the majority more than 7%) as they retain a small personal difference.

About 700,000 – 800,000 retirees will not see an increase as they maintain a significant personal difference.

Which retirees won’t get a raise?

The pensioners who will not receive an increase in their pocket but only an accounting one as they maintain a large personal difference will be informed through the electronic services of EFKA (Printing a monthly information note of the main pension) at the end of February about the reduction of their personal difference, in order to see real increases at some point in the future.

In particular, the old pensioners who have a positive personal difference of more than 60 to 70 euros is estimated to see no net increase in 2023. These insured persons, as social security experts estimate, include many, with pensions close to 700 to 800 euros. However, this category already received for the first time, the accuracy check of 250 euros, as the income criteria were expanded.

For example, in the information note of a pensioner with a pension of 1,000 euros, the amount of 190 euros appears as a personal difference. With the increase of 7.75%, that is, 77.5 euros per month, the personal difference of the pensioner in question will be reduced to 112.5 euros. In this case, in fact, only a very large possible increase in pensions in 2024 could lead to zero pensions and possibly an improvement in the pensioner’s income.

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