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The Greek pension system is governed by complex and evolving regulations, particularly following recent systemic reforms initiated by various Greek governments and international bodies. There are different pension regimes covering private sector employees, public sector employees, and self-employed individuals. The pension law in Athens, just like the law throughout Greece, combines features of both funded and pay-as-you-go pension systems and includes old-age pensions, early retirement, and disability and surviving pensions.
There are numerous reasons why you may need legal help relating to your pension. Individuals can face difficulties understanding intricate pension legislation and calculating their pension entitlements. Companies need to ensure that their pension schemes comply with the legislation, and they might also need assistance with matters like early retirement programs. Lawyers can assist with disputes arising from pensions, be it related to the calculation of pension benefits, pension rights upon divorce, or inheritance of pension rights.
Greece’s pension laws have been reformed multiple times, the latest being in 2016 aiming at financial sustainability. The normal retirement age is now linked to life expectancy and set at 67 years or 62 years with 40 years of insurance. Different rules apply to arduous and unhealthy professions. The calculation of pensions is now based on the entire working life rather than the best five of the last ten years. Most importantly, Greece follows the European legislation (EU Regulations 883/2004 and 987/2009) that guarantees the pension rights of those who have worked in different EU countries.
The statutory retirement age is 67 years, or 62 years with 40 years of insurance. However, different rules may apply for arduous and unhealthy professions.
The Greek pension system calculates the pension based on the entire working life of an individual. It considers the income earned and the social security contributions paid throughout the career.
Greece follows EU legislation that protects the pensions of those who have worked in several EU countries. It takes into account all the periods of insurance in various countries when calculating the pension.
If you disagree with the pension amount, you can challenge the decision by appealing to the competent Social Insurance Institute within 90 days of the notice.
Yes, self-employed individuals in Greece are also covered by the pension system. They must contribute to the Self-Employed’ Pension Fund (OAEE).
You can use various resources to gain more information about pensions in Athens, including consulting with the Greek Manpower Employment Organization (OAED), the Hellenic Ministry of Labor and Social Security, or the European Commission's website for information about cross-border pensions. An experienced pension lawyer in Athens would also be able to provide comprehensive and tailored advice related to your pension rights.
If legal assistance is required, it's recommended to consult with a lawyer who specializes in pension law in Athens. Be prepared with any relevant documents such as your employment, earnings record, and previous pension calculations. Trusted legal directories, referrals from acquaintances, or contacting the Athens Bar Association can assist you in finding a suitable pension lawyer.
