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Greece pension system: Early retirement rules and future age limit changes
In Greece, eight specific categories of insured individuals may be eligible to retire before the age of 62 in 2026. These groups include members of IKA, former DEKO and banking funds, Press funds, and the Legal Fund, primarily those who joined the system before 1993 and meet transitional requirements regarding years of insurance and parental status.
Early retirement involves a potential penalty of up to 30% on the national pension component for every year an individual retires before the age of 67. For example, public sector employees with 35 years of insurance may see a difference between a full pension at 67 and a reduced pension at 62.
Looking ahead, the pension age may face further increases starting in 2030. Due to demographic pressures, including a declining birth rate and an aging population, the government is considering linking retirement age to life expectancy. While these adjustments are currently scenarios based on actuarial studies rather than finalized decisions, they represent a response to the long-term sustainability challenges of the social security system.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Eight categories of insured individuals can retire before age 62 in 2026. www.tromaktiko.gr · www.newsbomb.gr
- [● 2 SOURCES] Eligible groups include members of IKA, former DEKO and bank funds, Press funds, and the Legal Fund. www.tromaktiko.gr · www.newsbomb.gr
- [○ 1 SOURCE] Mothers in DEKO and bank funds with 25 years of insurance by 2011 may qualify for early retirement. www.tromaktiko.gr
- [○ 1 SOURCE] The national pension is reduced by 5% for every year an individual retires before the age of 67. www.capital.gr
- [● 2 SOURCES] Early retirement can result in a reduction of the national pension by up to 30%. www.capital.gr · www.newsbomb.gr
- [● 2 SOURCES] Mothers insured with IKA before 1993 with 5,500 days of insurance by 2010 or 2011 may qualify for early retirement. www.tromaktiko.gr · www.newsbomb.gr