Pensions: Emergency aid for low pensioners

Pensions: Emergency aid for low pensioners

More than 1 million 800 thousand pensioners, that is 70% of pensioners, will be strengthened before Christmas either by receiving the emergency aid (social solidarity allowance as it was called) or by receiving the personal difference allowance.

At the same time, approximately 1.5 million pensioners will receive a 3% increase in their pensions at the end of December.

However, double winners will be in December 1.055 million low-income pensioners who will receive the 3% increase as well as the extraordinary support of 150 euros which will be given to pensioners:

– with income from main pensions up to 700 euros per month (8,400 per year)

– without personal difference or

– with a personal difference of less than 10 euros

So a pensioner on €700 will get the 3% increase from 1/1/2024 (€21 monthly) and the €150 punctuality check at Christmas. That is, their annual benefit will be 402 euros.

A pensioner with earnings of 600 euros will receive a total increase (extraordinary allowance of 150 euros + 3% increase from 1.1.2024) on an annual basis of 366 euros or 5.1%.

Another pensioner with a pension of 500 euros will receive an increase of 3% (15 euros per month) + the aid of 150 euros, a total of 330 euros per year.

Pensioners with pensions of more than 700 euros without a personal difference will only get the 3% increase.

The increases at the end of December will be credited to approximately 1.5 million pensioners who do not have a personal difference or, if they have, it is less than 10 euros. The national pension will rise from the current 413.76 euros to 426 euros on 1/1/2024.

According to the first estimates, the entire increase will be taken by about 500,000 pensioners who left after 13/5/2016 without a personal difference, 550,000 farmers who do not fall under the pension recalculation provisions and 350,000 old pensioners who either did not have or covered the personal difference with the 2023 increases.

About 300,000 old pensioners who had zeroed the personal difference with the pension recalculation over 30 years of insurance will get a double increase. The pensioners in question will receive at the end of December the 5th and last installment from the increase resulting from the recalculated pension and the 3.1% of 2024 will also “fall” on the already increased pension with the 5th installment.

On the contrary, the 750,000 pensioners with a personal difference of more than 10 euros and pensions up to 1,600 euros who are not entitled to the 3% increase will receive a personal difference allowance of 100-200 euros. For pensions up to 700 euros the allowance will amount to 200 euros, for pensions from 701 to 1,100 euros the allowance will be 150 euros and for pensions from 1101 to 1600 euros the allowance will be 100 euros.

For example, a pensioner with a pension of 700 euros who is not entitled to an increase due to a personal difference will receive an allowance of 200 euros. A pensioner with a pension of 1500 euros who is not entitled to an increase due to a personal difference will receive an allowance of 100 euros. Those retirees who do not get raises, in addition to the personal difference allowance, will be able to reduce their personal difference accounting so that in future years they can expect real increases in hand.

Child benefit: 800,000 beneficiaries of the OPECA child benefit will receive an additional one and a half installments of child benefit. As an example, the total amount (initial amount plus an additional one and a half installment) that a family with three children will receive in December ranges from 280 to 700 euros depending on income.

According to the protothema, the amount of aid amounts to 105 or 63 or 42 euros for each child for the first and second child, depending on the amount of income and to 210 or 126 or 84 from the third and for each subsequent child. For example, a family with 3 children and an annual income of up to 13,500 euros will receive a total of 420 euros.

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