CALCULATION OF THE AMOUNT OF PENSION


The amount of pension is calculated for every year of paid contributions at 1/35 of the respective insurance class, on the basis of the rate that is valid upon termination of the profession.

The sum of the amounts of the respective insurance classes is the monthly amount of the pension received.

For every year beyond 35 a supplement of 5% is granted.

An example: An insured person who ended his activity on 3.1.2000, is 60 years of age and has completed 38 years of insurance with TAE; 20 of these are in class G and 18 in class E. The amount is calculated thus:

20/35 insurance class G at rate (91,500 – 237,770) :                                156,400

15/35 insurance class E at rate (91,500 – 273,770) :                                   92,400

                               35                                                                              248,800                       

      plus ((3 x 5% = 15%)                                                                                  37,320
MONTHLY PENSION                                                                                  286,120   

 

PENSION INCREASES AS OF 1.1.1985 UP TO 1.1.1999
CALCULATION
RATES FOR A PENSION WITH 35 YEARS OF INSURANCE

1-1-85
14%

1-3-86
10%

1-7-87
1000 δρχ

1-7-87
15%

1-7-88
12%

1-5-89
17%

1-4-90
15%

1-6-91
13%

Α 19630 21590 22590 26000 29100 34000 39100 44200
Β 26660 29330 30330 35000 39200 45900 52800 59700
C 33680 37050 38050 43800 49100 57400 66000 74600
D 40640 44700 45700 52600 58900 68900 79200 89500
Ε 47660 52430 53430 61200 68500 80100 92100 104100
F 54670 54670 54670 54670 54670 54670 54670 54670
G 61720 67890 68890 77700 87000 101800 117100 132300

 

 

1-4-92
10%

1-3-93
11%

1-2-94
15%

1-1-95
5%

1-7-95
5%

1-1-96
7%

1-1-97
8%

Α

48600

53900

62000

65100

68400

73200

79100

Β

65700

72900 83800 88000 92400 89900 106800

C

82100

91100

104800

110000

115500

123600

133500

D

98400

109200

125600

131900

138500

148200

160100

Ε

114500

127100

146200

153500

161200

172500

186300

F

130000

144300

165900

174200

182900

195700

211400

G

145500

161500

185700

195000

204700

219000

236500

  

 

1-1-98
7%

1-1-99
4%

1-1-2000
4%

Α

84600

88000

91500

Β

114300

118900

123700

Γ

142800

148500

154400

Δ

171300

178200

185300

Ε

199300

207300

215600

ΣΤ

226200

235200

244600

Ζ

253100

263200

273700