Predictions
Based on the new forecasts of the Ministry of National Economy, growth is estimated to be 2.3% and inflation 2.8%. The sum of the two quantities (5.1%) multiplied by 2 gives the pension increase rate for 2025 and as it turns out it is around 2.5%. If one or both of the above figures increase, then half of this increase will go to the pension increase rate.
The national pension (full amount with 20 years) will be 437 euros, from 426.17 euros it is now.
In the State the average old-age pension before taxes for old pensioners aged 35 and over will be 1,316 euros from 1,284 euros which is now with an annual increase of 384 euros for 2025. For pensioners with 40 years, the average pension will be €1,375 from €1,342 which is now with an annual increase of €408 for 2025. The majority of old State pensioners, with the exception of those over 38, will not have an increase out of pocket due to a personal difference.
Paintings
According to the revealing tables published by Sunday’s Free Press, the old-age pensions after the increases, depending on the Fund and the years of insurance, are expected to be formed from 1/1/2025 as follows:
- IKA pensioners. With 20 years of insurance, the average pension will be €554 from €541 now with an annual increase of €162 for 2025. With 30 years of insurance or more, the average pension will be €1,218 from €1,189 now with an annual increase of 357 euros for 2025.
- Pensioners of DEKO-Banks. With 30 years of insurance or more, the average pension will be 2,612 euros from 2,548 euros now with an annual increase of 764 euros for 2025.
- OGA pensioners. With 30 years of insurance or more, the average pension will be 645 euros from 629 euros now with an annual increase of 189 euros for 2025.
Disability
For the category of disability pensions, according to the relevant table, the average annual increase for 2025 per Fund ranges from 157 euros to 374 euros, while the average annual increase in death pensions will reach up to 270 euros depending on the Fund.
New pensioners of all Funds from May 2016 onwards do not normally have a personal difference because they get a smaller pension than the old ones. Therefore, they will see the increase pocketed without personal difference offsets.
For the 650,000 pensioners who have a personal difference, although it has not yet been decided, it should be considered certain that they will get a bonus as happened to those who did not get a raise in 2023 and 2024. The personal difference bonus for 2025, if paid with the same prescription of 2024, those with a difference balance of more than 10 euros will get it. The aid will be 200 euros if they receive a pension or sum of main pensions up to 800 euros, 150 euros for pensions from 800 to 1,100 euros and 100 euros for pensions from 1,100 to 1,600 euros. However, since the allowance is proportional to the rate of increase and the increase in 2025 will be smaller than in 2024, it is possible that the amounts will be smaller, i.e. 170 euros, 120 euros and 100 euros.
What will those who apply in the new year get?
Those who will become pensioners by submitting a pension application, in 2025 will receive the increased national pension to 437 euros, while the compensatory pension will have the increase of the salary index of 2024. This new index will readjust from 1/1/2025 the pensionable earnings, while pensionable earnings from 2002 to 2024 will increase based on inflation. With the salary index the increase in the compensatory pension will be higher. For example, if the wage index shows an average increase of 4% in 2024, then this increase will also raise by 4% the pensionable earnings for the calculation of the compensatory pension of those who retire in 2025. If the adjustment were made with inflation, then the salary increase would be 3.5%.
OLD PENSION INCREASE FOR 2025 BY FUND
| Funds and years of insurance | Pension 2023 | Pension 2024 | Pension 2025 | Annual increase 2025 | Annual increase 2024 |
| (7.75% increase) | (3% increase) | (up 2.5%) | |||
| Ika | |||||
| Up to 20 | 525 € | 541 € | 554 € | 162 € | 189 € |
| 20 to 25 | 654 € | 674 € | 690 € | 202 € | 235 € |
| 25 to 30 | 773 € | 796 € | 816 € | 239 € | 278 € |
| 30 and above | 1.154 € | 1.189 € | 1.218 € | 357 € | 415 € |
| DEKO & Banks | |||||
| Up to 20 | 762 € | 785 € | 804 € | 235 € | 274 € |
| 20 to 25 | 1.136 € | 1.170 € | 1.199 € | 351 € | 409 € |
| 25 to 30 | 1.611 € | 1.659 € | 1.701 € | 498 € | 580 € |
| 30 and above | 2.474 € | 2.548 € | 2.612 € | 764 € | 891 € |
| OAEE | |||||
| Up to 20 | 528 € | 544 € | 557 € | 163 € | 190 € |
| 20 to 25 | 656 € | 676 € | 693 € | 203 € | 236 € |
| 25 to 30 | 745 € | 767 € | 787 € | 230 € | 268 € |
| 30 and above | 1.043 € | 1.074 € | 1.101 € | 322 € | 375 € |
| OGA | |||||
| Up to 20 | 395 € | 407 € | 417 € | 122 € | 142 € |
| 20 to 25 | 448 € | 461 € | 473 € | 138 € | 161 € |
| 25 to 30 | 562 € | 579 € | 593 € | 174 € | 202 € |
| 30 and above | 611 € | 629 € | 645 € | 189 € | 220 € |
| ETA | |||||
| Up to 20 | 561 € | 578 € | 592 € | 173 € | 202 € |
| 20 to 25 | 706 € | 727 € | 745 € | 218 € | 254 € |
| 25 to 30 | 833 € | 858 € | 879 € | 257 € | 300 € |
| 30 and above | 1.192 € | 1.228 € | 1.258 € | 368 € | 429 € |
| NAT | |||||
| Up to 20 | 743 € | 765 € | 784 € | 230 € | 267 € |
| 20 to 25 | 878 € | 904 € | 927 € | 271 € | 316 € |
| 25 to 30 | 1.111 € | 1.144 € | 1.173 € | 343 € | 400 € |
| 30 and above | 1.455 € | 1.499 € | 1.536 € | 450 € | 524 € |
| ETAP-MME | |||||
| Up to 20 | 568 € | 585 € | 600 € | 176 € | 204 € |
| 20 to 25 | 982 € | 1.011 € | 1.037 € | 303 € | 354 € |
| 25 to 30 | 1.044 € | 1.075 € | 1.102 € | 323 € | 376 € |
| 30 and above | 1.668 € | 1.718 € | 1.761 € | 515 € | 600 € |
* Gross pension amounts. If there is a personal difference, it is offset by the increase.
INCREASE IN DISABILITY – DEATH PENSIONS FOR 2025 BY FUND
| Funds and pension category | Average pension 2023 (7.75% increase) | Average pension 2024 (3% increase) | Average pension 2025 (2.5% increase) | Annual increase 2025 | Annual increase 2024 |
| Ika | |||||
| Disability | 560 € | 577 € | 591 € | 173 € | 204 € |
| Death | 481 € | 495 € | 507 € | 148 € | 168 € |
| PUBLIC | |||||
| Disability | 734 € | 756 € | 775 € | 227 € | 264 € |
| Death | 509 € | 524 € | 537 € | 157 € | 180 € |
| DECO-BANKINGN | |||||
| Disability | 1.185 € | 1.221 € | 1.252 € | 366 € | 432 € |
| Death | 873 € | 899 € | 921 € | 270 € | 312 € |
| OAEE | |||||
| Disability | 1.212 € | 1.248 € | 1.279 € | 374 € | 432 € |
| Death | 770 € | 793 € | 813 € | 238 € | 276 € |
| OGA | |||||
| Disability | 508 € | 523 € | 536 € | 157 € | 180 € |
| Death | 191 € | 197 € | 202 € | 59 € | 72 € |
| ETA | |||||
| Disability | 1.088 € | 1.121 € | 1.149 € | 336 € | 396 € |
| Death | 757 € | 780 € | 800 € | 234 € | 276 € |
| NAT | |||||
| Disability | 584 € | 602 € | 617 € | 181 € | 216 € |
| Death | 751 € | 774 € | 793 € | 232 € | 276 € |
| ETAP-MME | |||||
| Disability | 1.078 € | 1.110 € | 1.138 € | 333 € | 384 € |
| Death | 846 € | 871 € | 893 € | 261 € | 300 € |
* Gross pension amounts.
#Pensions #Increase #Detailed #amounts #funds