How much severance pay am I entitled to in Greece?

Severance pay in Greece depends on your years of service, ranging from 2 months' salary for 1-3 years to 12 months' salary for 16+ years of service. The salary used includes the 14/12 bonus multiplier.

What is the €2,000 salary cap for severance in Greece?

Since November 12, 2012, severance calculations cap the monthly salary at €2,000 for service after this date. Service before this date uses the actual salary without cap.

Does notice period affect severance pay in Greece?

Yes, if the employer gives proper notice before termination, the severance pay is reduced by 50%. Without notice, the employee receives the full severance amount.

Severance Pay Calculator

Calculation Parameters

Hiring Date

Termination Date

Gross Monthly Salary (€)

Notice Given

Calculation Information

How is Severance Pay calculated?

Minimum 12 months of service required
Monthly salary includes bonus multiplier (14/12 = 1.1667)
Salary capped at €2,000 for service after 12-11-2012
50% reduction if notice was given

Severance Table

Years of Service	Severance (months)
1-3 years	2
4-5 years	3
6-7 years	4
8-9 years	5
10 years	6
11 years	7
12 years	8
13 years	9
14 years	10
15 years	11
16+ years	12

Severance Pay Calculator 2026: Rights & Legislation

The termination of an employment contract is often accompanied by the question: 'How much severance am I entitled to?'. The severance pay calculator is aligned with current labor law and the law on maximum salary limits.

Parameters that affect severance

The final amount depends on three main factors:

Years of Service: Severance increases progressively according to the time spent with the same employer.
Notice: If there is written notice from the employer, the severance amount is reduced by half (50%).
Maximum Limit (Cap): There is a specific limit on the earnings taken into account for the calculation (ceiling).

Employee Rights

In addition to severance, the employee is entitled to the proportion of bonus, leave, and leave allowance until the day of termination.

Important Notice

Disclaimer: Calculations and information are provided for informational and educational purposes only and do not constitute investment, financial, or legal advice. While we strive for accuracy, results may contain errors or be based on assumptions that may not apply to your situation. Use of these tools is at your own risk. We shall not be held liable for any financial losses or damages arising from the use of this data. Always consult with a certified professional before making any financial decisions.

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