New system of calculation and payment for retrospective The e-EFKA activated, clearing the way for the faster return of amounts to more than 700,000 pensioners.


ARTICLE SUMMARY

  • About 370,000 pensioners who appealed to Justice for the 2015-2016 cuts receive retroactively.
  • Errors are corrected in recalculating pensions for 35,000 beneficiaries, who received lower amounts. The retrospectives, covering the period from 2019, range from 5,550 to 12,000 euros.
  • Refunds from reservations receive 45,000 retired, extended regulation for 200,000 pensioners with parallel insurance. Retrospective and for 40,000 retired workers based on their time of employment.
  • It increases from 35% to 70% the rate for 8,500 public widowing pensions. Pensions are also recalculated for 30,000 public officials of special categories.

With the new model, calculations are expected to be completed on a monthly basis, with thousands of beneficiaries receiving amounts that may in some cases even reach 12,000 euros.

ARTICLE CONTINUES AFTER ADVERSION

More in detail, the unfinished business of the 11 month retrospectives of June 2015 – May 2016.

The category is about 370,000 pensioners who had appealed to Justice for the cuts in supplementary pensions, but also for the abolition of gifts to principal and subsidiary pensions.

In most cases where court decisions are positive, no appeals are made, which accelerates the process. However, the amounts are not paid automatically, as additional administrative action is required.

A special procedure is followed for deceased pensioners, as their heirs should provide a series of supporting documents, such as certificates of non-renunciation of inheritance and documents proving the relationship.

The amounts shall be fixed according to the Fund and the reductions imposed:

  • IKA pensioners: from EUR 410 to EUR 2,372
  • Retired ECA and banks: between EUR 1.111 and EUR 4,004
  • Public pensioners: from EUR 727 to EUR 2,820
  • Other auxiliary Funds: from EUR 668 to EUR 2.399

The amounts shall include legal interest until the date of repayment.

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Retrospectives from 840 to 1,800 euros -Which employees will receive them

Recalculation Corrections: Retrospective up to 12,000 euros

The largest category is about 35,000 pensioners, where errors were detected in the recalculation of pensions.

In several cases incorrect data on insurance time or pensionable earnings had been used, resulting in lower pensions for beneficiaries.

Retrospectives cover the period from 1 January 2019 to the completion of the correction and range from 5,550 to 12,000 euros.

Retired and widowed military

About 45,000 retired and retired widows are expected to receive refunds from reservations imposed under Law 4093/2012.

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This reservation was calculated at the sum of principal pension and dividend, resulting in several beneficiaries having larger deductions.

Funds have already been paid in 3,120 cases, while retrospectives can reach up to 4,400 euros for a period of approximately 27 months.

Parallel insurance before 2016

Significant unfinished business concerns about 200,000 pensioners with parallel insurance before 2016.

The arrangement is expected to extend to those who left before the application of the Katrougalos Act, in order to calculate the second insurance.

In some cases, the increase in pension may even reach EUR 300-360 per month, especially when parallel time is close to 15 years and earnings were high.

Pensioners

Retrospective Some 40,000 pensioners who continue to work are also entitled.

The increase shall be calculated on the basis of their time of employment and salary or contributions.

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The amounts are estimated to be between EUR 15 and 85 per month, for a period of up to five years, depending on each case.

Public widows' pensions

About 8,500 State widowers are expected to see their pension rate reinstated from 35% to 70%.

The increases are estimated to range from 150 to 550 euros per month, and the corresponding retrospectives will be paid.

Special categories of civil servants

Finally, about 30,000 pensioners belonging to special categories of civil servants and employees will recalculate their pensions.

These are cases of disability of more than 67% or full incapacity caused by a terrorist act linked to the performance of their duties.

Their pensions will be calculated on the basis of a special scheme, while the average increase is estimated at around EUR 100 per month. At the same time, the retroactive effects resulting from the new calculation will also be paid.

ARTICLE CONTINUES AFTER ADVERSION

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