Pensions: When will benefits be granted retroactively after recalculation

“in waves” Gradually until the end of May The 54 months will be paid backdated, resulting from the recalculation of their pensions, to thousands of labor fighters. In fact, some of them will see you Their bank accounts Amounts that may exceed up to 16,000 euros. These are special categories of retirees, such as former bank employees and wider public sector employees.

Vangelis Dorakis writes

The specified categories of pensioners will, on the one hand, see their monthly salaries “inflated” and, on the other hand, they will also receive retroactive payments, resulting from the recalculation of their pensions, in accordance with the Constitution. enikonomia.gr.

When are pensions “inflated” and paid retroactively?

Indeed, the amounts due to former employees and current retirees at ISAP have already been disbursed, and their salaries have also been adjusted, while the salaries of former employees at Olympic Aviation have begun, and by the end of this month all beneficiaries will see their entitlements, pension increases, and arrears paid to them.

The 'baton' will be picked up in April by retired public law legal entities – DEKO, in other words the wider public sector, who will receive 'inflated' pensions and any pensions attributed to them retrospectively.

The process is expected to “conclude” in May with former bank employees also receiving increased amounts of monthly salaries, but also retroactive to 54 months.

But there are also some pensioners, who say that they are still waiting for their pension to be recalculated based on Law 4670, which are categories that do not belong to those mentioned above and are mostly employees: as e-EFKA sources indicate, not all employees had the right to have their pensions recalculated. pension and retroactively, but also for those who had this right, the process of readjusting their salaries and paying them retroactively took place almost immediately. As a matter of fact, officials of the Unified Social Security Agency estimate that with the above-mentioned categories of pensioners “closes” any outstanding issues in this area.

Now regarding the recalculation beneficiaries, the retroactive payments they will receive are up to €16,500. Some bankers are expected to receive the highest amounts, which in some cases reach 50 thousand euros.

This happens because the pensioners concerned have not seen the recalculation of their pensions, either under the Katrougalo Act or under the Vrutsis Act.

For which categories of retirees are recalculated

It is noteworthy that recalculation of new pensions is done for those who left 30 years of insurance And more than 5/13/2016 until 9/30/2019. As for older pensions, they belong to those who retired more than 30 years ago until 5/12/2016.

The difference is that new pensioners receive the increase resulting from the recalculation of the pension, while old ones will receive an increase if the new recalculated pension turns out to be higher than the pension obtained through the first recalculation carried out under the Catrogalos Law.

Retroactive payments amounting to several thousand euros have already been paid to the first group of 1,085 ISAP veterans with recalculations awaiting.

On average, they raised €12,900, a minimum of €600 and a maximum of €63,705.

The difference in retrospect comes down to pensions and whether and how much the personal difference between retirees must be eliminated to see the increase in pocket.

Among ISAP retirees, a few had a personal difference that was later reduced to zero, while most emerged as winners because their post-recalculation pensions were higher.

6,000 pensioners from the former Olympia are next in line for recalculation and in a similar amount retroactively will also be paid their salaries until the end of March.

Below are the retroactive payments to about 10,000 old retired bankers who were left out of the recalculations.

In this group, the amounts to be paid are high, and according to estimates, they exceed 15 thousand euros and sometimes reach 50 thousand euros.

It is noteworthy that most of the retroactive benefits will be received by retirees who left with insurance for 35, 38 and 40 years, as replacement rates were significantly enhanced in these years under the Frutsis Law.

These recalculations are valid from October 1, 2019 onwards.

That is, those who expect increases from the recalculation will receive them retroactively over four years, 54 months to April (October 2019 – April 2024).