Pension: Who is retroactively entitled to up to 18,670 euros – Newsbomb – News

About 300,000 pensioners and insureds from 15 funds are entitled to retroactively receive €18,670 from the increased additional contributions they paid for supplementary insurance. “Eleftheros Typos” confirms in his article.

The increase applies to retirees after May 2016 and is calculated at a rate of 0.075%, but it was not applied to supplementary pensions, but only to main pensions and to funds whose contributions were more than 20%.

From the journalistic research conducted by the “Insurance and Pensions” supplement, it was found 15 Supplementary Funds sometimes have increased contributions (exceeding 6%) for their oldest insured members, who, since they have already retired from May 2016 onwards or have established conditions for supplementary contributions from this date onwards, are also entitled to the corresponding increase For the additional contributions they paid.

Regular supplementary insurance contributions are 6% and the surcharge of 0.075% is granted as an additional pension amount to insureds who paid contributions of 8%, 12% or even 14% instead of 6%.

This provision has been passed and applies to those who retire from 13 May 2016 onwards (Catrougalo Law), but so far it has not been applied to any retirement decision granting an additional pension, while the opposite is the case with main pensions, where the increase is given to pensions and increases The amount is due to additional subscriptions.

But everyone who left the funds after May 2016 whose contributions were higher than 6% for supplementary insurance receives a pension without a bonus.

For example, an IKA insured in the heavy with supplementary contributions of 8% instead of 6% remained in 2018 with 25 years of insurance at the age of 67 with a supplementary pension of 196 euros, while from the 2% increase in the heavy he would have to receive 55 Additional euros and the pension will be set at 251 euros. The amounts he is entitled to receive retroactively from the increase are 3,969 euros.

According to the information contained in the Appendix “Insurance and Pensions”, the EFKA is studying methods for calculating increases in contributions to supplementary pensions for funds that have additional premiums, so that a delay in the implementation of the ruling that has already been voted does not lead to a delay on.

As the “ET” Appendix reveals, for the supplementary pension increase, there is an official – internal – document as of November 2023 from the competent Ancillary Insurance Directorate of EFKA (ETEAEP) which basically tries to determine which beneficiaries will receive a salary increase in their allowance! The document unveiled today in the “Insurance and Pensions” supplement (pages 4-5) refers to supplementary pension increases from banks and more or less interprets the legislation as it sees fit, concluding that not everyone gets a pension increase and allows This allows them to pay additional contributions.

But the truth is that the law stipulates that insureds with contributions (employee and employer) of more than 6% in their supplementary insurance are entitled to a larger supplementary pension, just as it applies to their main pensions.

The fact that EFKA has not been able to implement the law for 8 years indicates that this provision was passed without prior study on how it would be implemented. Since from May 2016 onwards the method of calculating supplementary benefits has completely changed, the EFKA will have to do a double take, because in order to pay the increases in supplementary contributions, all supplementary pensions for which contributions have increased will be audited, in order to find out how much the pensioners are entitled to. From this increase.

Does EFKA have the funds to pay for retroactive increases in supplementary pensions?

The assistants' piggy bank contains income from sickness deductions (6%), from the EAS deduction (3% to 14% in pensions over €300), while from 2020 onwards, when the deductions in the Catrogalos law were restored, 1.2 One million pensioners who receive a supplementary pension have not seen any increase, because the law prevents this if the bill is not paid. However, paying increases from additional contributions first is not prohibited by law. On the contrary, it is presented as a return for the contributions paid by the insured. In addition, this increase replaces the regular increases that are not given to those supplementary ones.

Increase the supplementary allowance for the years up to 2014

For claims from 1/1/2015 onwards (Catrogallo Law) the additional benefits have a double calculation, one for years of insurance through 2014 and one for years from 1/1/2015 onwards. The years up to 2014 are calculated at a replacement rate of 0.45%, while from 2015 the supplement is calculated on the basis of the contributions paid by the insured and according to the age at which he retires.

The increase in supplementary pensions for additional contributions relates to the first part of the pension for the insurance years up to 2014, and will be calculated on the income included in the pension calculation for the period 2002-2014.

Therefore, the insured who paid a contribution of 9% instead of 6% for supplementary insurance until 2014 and retired in 2022 with 35 years of insurance will receive the increase for the three additional contribution units in the supplementary section until 2014, i.e. For 27 of the 35 years he was retired.

The increase equation is: pension gains from 2002 to 2014 x years of increased contributions x additional contribution x 0.075%.

For example, a retiree with an additional supplementary contribution of 3% (total of 9% with a normal contribution of 6%) who retired at age 62 in 2020 with a reduced reduction, having completed 30 years of insurance and a pension income of 1870 Euros, he received an additional amount of 184 Euros while for 24 years until 2014 he is entitled to an increase of 101 Euros which will be calculated as follows: 1.870X24X3X0.00075=101 Euros.

Retroactive extensions up to €5,664 (examples)

According to the revealing tables and examples edited and published in the “Insurance and Pensions” Appendix, retroactive supplementary pensions due to additional contributions with heavy IKA or for PPC supplementary pensioners amount to (indicative) €5,664.

For example:

• A pensioner with 25 years of heavy IKA insurance and supplementary contributions of 8% instead of 6% retired in 2018 at the age of 67 with pensionable earnings of €1,750 until 2014 and receives an additional €196. For the additional two contribution units, he is entitled to an increase of €55 with a retroactive amount of €3,969 from 2018 to 2024 (72 months) and a further increase after the increase to €251.
• A pensioner with 35 years of heavy IKA insurance who retires in 2022 at the age of 60 with pension earnings of €2,920 up to 2014 receives an additional €436, while being entitled to an additional contribution increase of €118 retroactively 5,664. EUR from 2022 to 2024 (24 months) and an additional EUR 554.
• A pensioner with 35 years of insurance in the PPC subsidiary and an additional contribution of 3% who retires in 2022 at age 60 with pensionable earnings of €2,770 receives a supplement of €414, while he is entitled to a supplement of €168. Retroactive to €4,039 (from 2022 to 2024). With the increase, his allowance will be 582 euros.