Calculation of pension

Debug Info: Loading...

Φόρτωση υπολογιστή σύνταξης...

Instructions - Detailed Information - Calculation of Pension

1 Basic Conditions

  • Minimum number of entities: 4500 (15 years of insurance)
  • Age limit: 62 years for reduced pension, 67 years for full pension
  • Full pension: 12,000 units (40 years of insurance) are required

2. Calculation Method

The pension consists of two parts:
  • National pension: Fixed amount 413,76€ for full retirement (with 20+ years of insurance)
  • Retributive Retirement: Calculated from the average salary and total income
    Returnary Retirement = Returnable Retirement Wages × Rate of Return × (Total Points / 12000)

The reimbursement rate increases with the years of insurance, with a maximum of 50% for 40 years of insurance.

Retirement scenarios

  • 62 Years: Calculation of retirement pension at 62 years
  • 67-year-old scenario: calculating pension with retirement at 67 years
  • Both scenarios take into account the additions up to retirement age.

4 The retention

  • Health contributions: 6% of the mixed amount
  • Tax: Calculated based on the tax scale
  • Total reservations: About 6-10% on the mixed pension

5 Specific cases

Heavy and unhealthy:
  • Specific age limits
  • Increase in importance
Mothers with minors:
  • Special conditions
  • Reduced age limits

Important Observations

  • All amounts are rounded to 2 decimal places
  • The application for pension is submitted electronically via the e-EFCA platform
  • The total insurance years are calculated at 300 entries per year.
  • The amount of the pension is adjusted annually on the basis of the change in GDP and the Price Index