Average pension increase to 18 euros in January
The average increase in primary pensions in Greece for January is limited to 18 euros, reflecting government-set adjustments amidst rising disparities in pension amounts based on employment sector.
In January, the average increase in primary pensions in Greece reached only 18 euros, following a government-mandated increase of 2.4%. The first report for the year, titled ΞΞΞΞΞ£, indicates that the average payout for primary pensions is now 865.58 euros gross, which is an increase from the previous month's 847.55 euros. This report highlights a continuing trend where nearly 60% of pensioners receive less than 1,000 euros gross per month, underscoring the challenges faced by many retirees in the country.
Moreover, the ΞΞΞΞΞ£ report indicates that there is a growing disparity between pensions awarded from the private sector, which average 789.88 euros, and those from the public sector, averaging 1,468.44 euros. This substantial gap of 678.56 euros points to the negative impact of high unemployment in the private sector on pension earnings. The trend reflects broader economic issues in Greece, particularly the divide between secure public sector employment and the more precarious nature of private sector jobs, which affects the sustainability and adequacy of private pensions.
As pensions continue to be a crucial issue in Greece, particularly after years of economic turmoil, this report emphasizes the ongoing challenges faced by the government in addressing both pension adequacy and the economic conditions contributing to pension disparities. Policymakers may need to consider reforms that address these inequalities to ensure a more equitable pension system for all retirees in Greece.