The general average pension increase for 2025 will be around 25 euros per month. Low pensions of €500 to €600 are expected to increase by an average of €15. Medium pensions of €1,000 to €1,400 will increase by an average of €33 per month, while high pensions of over €2,300 will increase by over €60 per month.
Final assessment
The final percentage of the increase will be announced towards the end of autumn when there will be a final estimate for the two figures that determine the increase in pensions, which are the growth of the economy and inflation. So far and according to revised forecasts for 2024, growth is estimated at 2.2% to 2.5% and inflation at 3%. Based on these estimates the pension increase for 2025 is in a range between 2.6% and 2.8% (s.p.: the rate of increase is equal to the sum of the growth rate and inflation times 2) .
In the revealing tables edited and published today by Sunday’s Free Press with the actual amounts of EFKA pensions, the increases have been calculated with the minimum percentage that can occur for 2025, i.e. with an increase rate of 2.6%.
The 20-year full amount national pension is expected to be €437.25 in 2025, up from €426.17 in 2024.
All pensioners will have an increase in both the compensatory and the national pension.
For example, a pensioner who currently receives 426.17 euros national pension and 803.83 euros compensatory pension with a total pension of 1,230 euros, will have a 2.6% increase in the national pension which will amount to 437.25 euros and in the compensatory pension which will formed at 824.70 euros. The new total pension for 2025 will be 1,262 euros.
According to the relevant table published by “ET” of Sunday, old-age pensions with the new increases to be paid next December are expected to be formed from 1/1/2025 to:
1 In the State the average pre-tax old-age pension for old pensioners aged 35 and over will be €1,317 from €1,284 now, with an annual increase of €400 for 2025. For pensioners aged 40 the average pension will be €1,377 from 1,342 euros which is now, with an annual increase of 418 euros for 2025.
2 IKA pensioners with 20 years of insurance who receive an average old-age pension of 541 euros will have an increase of 14 euros in 2025 and the new pension will be 555 euros. With 30 years of insurance or more, the average pension will be 1,220 euros from 1,189 euros now, with an increase of 31 euros per month or 372 euros per year for 2025.
3 Pensioners of DEKO-Banks with 30 years of insurance and more: The average pension will be 2,614 euros from 2,548 euros now, with an annual increase of 795 euros for 2025.
4 OGA pensioners with 30 years of insurance or more: The average pension will be 645 euros from 629 euros now, with an annual increase of 196 euros for 2025.
What is planned for her “personal difference”
The old – before 2016 – pensioners, who have a balance of the so-called “personal difference”, i.e. the amount they receive up to pension supplement after the recalculation they had in 2019 and 2020, will see the increase in their pocket only if it exceeds and nullify the personal difference. If despite the increase there is a balance from the personal difference and this balance is more than 10 euros, they will receive as a compensatory “increase” the personal difference allowance, which will be 200 euros, 150 euros and 100 euros, depending on the amount of the pension . Without personal difference increases, there will be around 650,000 pensioners who will receive the personal difference allowance, while with out-of-pocket increases there will be almost 1.9 million pensioners.
The increases for pensions disability and widowhood
According to the relevant table published by “ET” of Sunday, disability and death pensions after the 2025 increase and depending on the fund are expected to be as follows:
- In the IKA the average disability pension will reach 592 euros in 2025 from 577 euros in 2024, with an increase of 15 euros per month or 180 euros annually. Accordingly, the average death pension will rise to 508 euros with an annual increase of 156 euros.
- In the State the average disability pension in 2025 will reach 776 euros from 756 euros today, with an increase of 20 euros per month or 240 euros annually. Accordingly, the average death pension will rise to 538 euros with an annual increase of 168 euros.
- At DEKO-Banks cash desks the average disability pension in 2025 will be 1,253 euros from 1,221 euros today, with an increase of 32 euros per month or 384 euros annually. Accordingly, the average pension due to death will rise to 922 euros with an annual increase of 276 euros.
- In OAEE the average disability pension for 2025 will be 1,280 euros from 1,248 euros today, an increase of 384 euros on an annual basis. Accordingly, the average death pension will rise to 814 euros with an annual increase of 252 euros.
Upwards pre-retirement benefits and allowances
Bank retirees under the age of 67 who receive pre-retirement benefits, the uninsured elderly will have increases, while a number of benefits will also increase.
The pension of the uninsured over-age with an increase of 2.6% in 2025 will be 409.92 euros from 399.54 euros today. The absolute disability allowance of old insured persons (before 1993), which is equal to 50% of their paid pension, will increase by 2.6%, while the upper ceiling will be set at 764 euros from 745 euros. The disability allowance for young people insured after 1993 will rise to 197.37 euros.
The minimum widow’s pension will increase from 399.54 to 409.92 euros.
The minimum pension due to a work accident or occupational disease after the 2025 increase is expected to be 874.50 euros from 852.34 euros for 2024.
OLD PENSION INCREASE FOR 2025 PER FUND
| Funds and years of insurance | Pension 2024
(3% increase) |
Pension 2025
(up 2.6%) |
Monthly increase 2025 | Annual increase 2025 |
| IKA | ||||
| Up to 20 | 541 € | 555 € | 14 € | 169 € |
| 20 to 25 | 674 € | 692 € | 18 € | 210 € |
| 25 to 30 | 796 € | 817 € | 21 € | 248 € |
| 30 and above | 1.189 € | 1.220 € | 31 € | 371 € |
| TEN–BANKING | ||||
| Up to 20 | 785 € | 805 € | 20 € | 245 € |
| 20 to 25 | 1.170 € | 1.200 € | 30 € | 365 € |
| 25 to 30 | 1.659 € | 1.702 € | 43 € | 518 € |
| 30 and above | 2.548 € | 2.614 € | 66 € | 795 € |
| OAEE | ||||
| Up to 20 | 544 € | 558 € | 14 € | 170 € |
| 20 to 25 | 676 € | 694 € | 18 € | 211 € |
| 25 to 30 | 767 € | 787 € | 20 € | 239 € |
| 30 and above | 1.074 € | 1.102 € | 28 € | 335 € |
| OGA | ||||
| Up to 20 | 407 € | 418 € | 11 € | 127 € |
| 20 to 25 | 461 € | 473 € | 12 € | 144 € |
| 25 to 30 | 579 € | 594 € | 15 € | 181 € |
| 30 and above | 629 € | 645 € | 16 € | 196 € |
| ETA | ||||
| Up to 20 | 578 € | 593 € | 15 € | 180 € |
| 20 to 25 | 727 € | 746 € | 19 € | 227 € |
| 25 to 30 | 858 € | 880 € | 22 € | 268 € |
| 30 and above | 1.228 € | 1.260 € | 32 € | 383 € |
| NAT | ||||
| Up to 20 | 765 € | 785 € | 20 € | 239 € |
| 20 to 25 | 904 € | 928 € | 24 € | 282 € |
| 25 to 30 | 1.144 € | 1.174 € | 30 € | 357 € |
| 30 and above | 1.499 € | 1.538 € | 39 € | 468 € |
| ETAP-MME | ||||
| Up to 20 | 585 € | 600 € | 15 € | 183 € |
| 20 to 25 | 1.011 € | 1.037 € | 26 € | 315 € |
| 25 to 30 | 1.075 € | 1.103 € | 28 € | 335 € |
| 30 and above | 1.718 € | 1.763 € | 45 € | 536 € |
* Gross pension amounts. If there is a personal difference, it is offset by the increase.
INCREASE IN DISABILITY-DEATH PENSIONS FOR 2025 BY FUND
| Funds and pension category | Average pension 2024 (3% increase) | Average pension 2025 (2.6% increase) | Monthly increase 2025 | Annual increase 2025 |
| IKA | ||||
| Disability | 577 € | 592 € | 15 € | 180 € |
| Death | 495 € | 508 € | 13 € | 156 € |
| PUBLIC | ||||
| Disability | 756 € | 776 € | 20 € | 240 € |
| Death | 524 € | 538 € | 14 € | 168 € |
| DECO-BANKINGN | ||||
| Disability | 1.221 € | 1.253 € | 32 € | 384 € |
| Death | 899 € | 922 € | 23 € | 276 € |
| OAEE | ||||
| Disability | 1.248 € | 1.280 € | 32 € | 384 € |
| Death | 793 € | 814 € | 21 € | 252 € |
| OGA | ||||
| Disability | 523 € | 537 € | 14 € | 168 € |
| Death | 197 € | 202 € | 5 € | 60 € |
| ETA | ||||
| Disability | 1.121 € | 1.150 € | 29 € | 348 € |
| Death | 780 € | 800 € | 20 € | 240 € |
| NAT | ||||
| Disability | 602 € | 618 € | 16 € | 192 € |
| Death | 774 € | 794 € | 20 € | 240 € |
| ETAP-MME | ||||
| Disability | 1.110 € | 1.139 € | 29 € | 348 € |
| Death | 871 € | 894 € | 23 € | 276 € |
* Gross pension amounts.
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