PENSIONS
Pension
is the monthly cash allowance paid by the Social Security Funds to
people registered with them after a contingency has occurred.
The
contingencies covered by pensions are old age, invalidity and death. Old
age pensions are for life; invalidity pensions for as long as the
pensioner remains an invalid; and survivors’ pensions to a widow(er)
or the children up to their 18th year of age unless they are unable to
work.
The
amount of pension is calculated according to the insurance contributions
paid by the insured person during his years of activity.
Calculation
of old age or invalidity pensions is done on the same basis.
Survivors’ pensions are calculated on the basis of the amount the
insured person should receive for the contingency of old age.
The
pensions paid today by TAE (with 35 years of insurance periods) are as
follows:
|
INVALIDITY
|
|
OLD
AGE
|
|
SURVIVORS
|
|
AVERAGE
MONTHLY PENSION
|
145,209
|
|
AVERAGE
MONTHLY PENSION
|
179,922
|
|
AVERAGE
MONTHLY PENSION
|
116,562
|
|
LOWEST
PENSION
|
30,264
|
|
LOWEST
PENSION
|
18,096
|
|
LOWEST
PENSION
|
13,040
|
|
HIGHEST
PENSION
|
374,920
|
|
HIGHEST
PENSION
|
653,640
|
|
HIGHEST
PENSION
|
404,664
|
|
LOWEST
AMOUNT GRANTED
|
115,500
|
|
LOWEST
AMOUNT GRANTED
|
115,500
|
|
LOWEST
AMOUNT GRANTED
|
104,300
|
|
PREREQUISITES
FOR PENSION
|
|
OLD
AGE
|
|
AGE
|
Years of Insurance
|
Validity
|
|
Α)
|
60
years old
|
35
years
|
Up
to 31-12-1997
|
|
Β)
|
62
years old
|
25
years
|
From
1-1-1998
|
|
|
62 ½
years old
|
»
|
From
1-1-1999
|
|
|
63
years old
|
1»
|
From
1-1-1999
|
|
|
63 ½
years old
|
»
|
From
1-1-2000
|
|
|
64
years old
|
1»
|
From
1-1-2001
|
|
|
64 ½
years old
|
»
|
From
1-1-2002
|
|
|
63
years old
|
»
|
From
1-1-2003
|
|
Γ)
|
65
years old
|
15
years
|
|
|
|
Double
pension receivers
|
|
|
|
|
65
years old
|
15
years
|
(50%
of the pension)
|
|
|
»
|
17
years
|
Up
to 31-12-1997
|
|
|
»
|
17
½ years
|
From
1-1-1998
|
|
|
»
|
18
years
|
From
1-1-1999
|
|
|
»
|
18
½ years
|
From
1-1-2000
|
|
|
»
|
19
years
|
From
1-1-2001
|
|
|
»
|
19
½ years
|
From
1-1-2002
|
|
|
»
|
20
years
|
From
1-1-2003
|
INVALIDITY
- Twenty (20) years of insurance at any time.
- Ten (10) years of insurance of which three (3) must
have been uninterrupted before termination of the professional
activity.
- Invalidity rate of at least 67%.
SURVIVORS
- Twenty (20) years of insurance at any time.
- Ten (10) years of insurance of which two (2) must
have been within the five-year period before the death.
|