On Maundy Monday or Maundy Tuesday, it is expected to be paid retroactively to beneficiaries which resulted after recalculation of their pension.
This particular group of pensioners will see their bank account “inflated” by almost 15,000 euros, based on estimates, while there are also cases where retroactive payments will reach 50,000 euros.
The amounts in question should of course be clarified as being before the 20% withholding tax, the 6% health care levy, but also any solidarity levy.
“In waves” and gradually until the end of May, the 54-month retroactive payments, resulting from the recalculation of their pension, are being paid to thousands of unemployed workers. The “baton” is taken by the retired Legal Entities of Public Law – DEKO, in other words of the wider public sector, who will receive whatever retrospectively they are allocated, at the beginning of Holy Week.
To whom they will be paid retroactively
The process is estimated to “close” in May with the former bank employees who will also receive increased amounts of monthly salaries, but also retroactively for 54 months.
In particular, approximately 2,000 beneficiaries of Public Law Legal Entities will be retroactively paid from the recalculation of pensions, and with the May pensions, the increases will be retroactively paid to approximately 12,000 former bank employees.
These are old retired bankers who were left out of recalculations. And in this group the amounts that will be paid are high and according to estimates exceed 15,000 euros and in some cases reach 50,000 euros.
For which pensioners the pending cases have been “closed”.
However, there are also some pensioners, who state that they are still waiting for the recalculation of their pension based on Law 4670, categories that do not belong to the aforementioned and are mostly employed. According to the information, not all employees had the right to pension recalculation and retroactively, but even for those who had this right, the process of readjustment of their salaries and retroactive payment took place almost immediately.
It is estimated that with the aforementioned categories of pensioners, any outstanding issues in this field are “closed” and if there are any remaining, these are isolated cases.
For which categories of pensioners is recalculated
It is reminded that the recalculations of the new pensions are made to those who retired with 30 years of insurance and more from 13/5/2016 until 30/9/2019, while for the older pensions they concern those who retired with more than 30 years until 12/ 5/2016.
The difference is that the new pensioners get the increase resulting from the recalculation of the pension, while the old ones will get an increase if the new recalculated pension turns out to be higher than the pension obtained by the first recalculation made with the Katrougalos law.
The variation in retroactives is due to pensions and whether and how much pensioners have personal difference that needs to be zeroed out to see the increase “in pocket”.
It is pointed out that the most retroactive benefits will be received by pensioners who left with 35, 38 and 40 years of insurance, as in these years the replacement rates were significantly enhanced by the Vroutsis law.
These recalculations are valid from October 1, 2019 onwards. That is, those who expect increases from the recalculation will get them retroactively for more than four years, 54 months specifically until April (October 2019 – April 2024).
