# Greek pension calculation and eligibility rules > Live situation record from CLSTR: https://clstr.news/situations/greek-pension-calculation-and-eligibility-rules > Updated: 2026-08-18T04:38:00.000Z. Sources: 5. Developments: 2. Pension regulations in Greece involve various factors that determine final benefit amounts, including the number of years insured and the choice between full or reduced pensions. For 2026, the full national pension is set at €446.87 for individuals with at least 20 years of insurance. Choosing a reduced pension can result in a 30% reduction in the national pension portion, though the contributory portion remains untouched. To assist those nearing retirement, individuals may purchase ‘imaginary years’ to establish eligibility or increase benefits. These recognized periods include time for child-rearing, military service, study periods, or insurance gaps. For the private sector and self-employed, there is a maximum limit of seven such years, whereas public sector employees may reach up to 12 years. Costs for these years are calculated based on recent earnings or insurance contributions, with discounts available for lump-sum payments. ## Timeline ### 2026-08-18: Greece pension rules: Buying imaginary years for retirement Greek citizens can purchase imaginary insurance years to secure or increase pensions, covering child-rearing, studies, and military service, with costs varying by sector and payment method. 3 sources. https://clstr.news/cluster/greece-pension-rules-buying-imaginary-years-for-retirement ### 2026-08-08: Greece: Key factors influencing final pension amounts Greek pension amounts are influenced by insurance years, salary levels, and the choice between full or reduced pensions, with specific rules affecting the national pension portion. 2 sources. https://clstr.news/cluster/greece-key-factors-influencing-final-pension-amounts --- Cite as: Greek pension calculation and eligibility rules. CLSTR, https://clstr.news/situations/greek-pension-calculation-and-eligibility-rules