From January 1, 2024, the 30% pension cut for pensioners who continue to work is to be abolished, and those retirees will collect their entire main and auxiliary pensions with the exception of a 10% deduction.
The State General Accounting Office is demanding from pensioners the return of retroactive amounts that correspond to salaries higher than those to which they were entitled if they continued to work wider public sector entities after their retirement.
Outstanding pension cases are resulting in significant delays to the delivery of justice, not only for pensioners, but also for thousands of citizens with non-social security cases.
The Labor and Social Security Ministry is promoting the selective expansion of the digital labor card in retail trade and industry from the beginning of 2024.
Cabinet on Wednesday approved a social security bill that includes provisions aimed at strengthening the incomes of pensioners and facilitating the retirement of insured persons, as well as fundamental interventions in the institution of professional insurance of the second pillar.
The further reduction of social security contributions is evolving into a difficult equation for the government, with the promise for further relief of non-salary costs being pushed to 2025.
At least 750,000 retirees who receive a pension with a ‘personal difference’ of over 10 euros what they would get had their pension been calculated after May 2016 stand to collect a ‘personal difference allowance’ ranging from €100 to €200.
A Labor Ministry bill foresees the possibility of self-employed people with debts to the Single Social Security Entity (EFKA) of between 20,000 and 30,000 euros receiving 40% of their pension.
