Greece: High rates of early retirement among women

Data from e-EFKA indicates that a significant majority of women in Greece are opting for early retirement. Approximately seven out of ten women utilize options to retire before the standard age.

To meet the necessary requirements, one in two women uses ‘fictitious insurance years’ to complete the required duration. Common methods for fulfilling these years include utilizing credits for the number of children or years of study.

Under current regulations, a full pension is available at age 62 with 40 years (or 12,000 days) of insurance, or at age 67 with at least 15 years of insurance. There are also provisions for reduced pensions at age 62 under specific conditions. The recognition of these periods varies based on insurance category, the date of initial insurance, and the specific retirement provisions being applied, with special considerations for mothers of minors who were insured before January 1, 1993.