In pension increase which, as he pointed out, will range between 2.2 2.5%, based on the algorithm that has been established and the doubling of insurance contributions, as announced by TIF <a href="https://www.archyde.com/austria-italy-greece-these-other-countries-which-have-decided-to-piss-off-the-unvaccinated-even-more/" title="Austria, Italy, Greece … these other countries which have decided to "piss off" the unvaccinated even more”>Kyriakos Mitsotakis, he focused on the morning of Monday 9/9 during an interview with or Niki Kerameos.
“In total, insurance contributions have decreased by more than 4 percentage points, and this means new jobs,” he said speaking to ERTNews and the show “Connections”, recalling that 500,000 new jobs have already been created and the hard core of unemployment fell below 10%.
“First of all, with regard to pensioners, the prime minister referred to the increase that is now being made on an annual basis in pensions from January 1st and which will range between 2.2-2.5%, based on the algorithm that has been established” he noted and explained that “at the same time, an extraordinary aid of up to 200 euros is planned for approximately 670 thousand pensioners, who have an income of up to 1,600 euros until the personal difference is extinguished”.
As a “basic measure” in labor matters, the Minister of Labor characterized the double, in relation to what had been announced, a reduction in insurance contributions. “It was announced that it would be 0.5% and from 0.5% we went to 1% and that means the money paid to the state for each employee. Greece had very high insurance contributions.
“In 2019 we have now reduced them by 4.4 percentage points. Now we are reducing by another unit and by 2027 we will reach six percentage points less”, said the Minister of Labor, emphasizing:
This means new jobs. It means boosting employment. In the years when we cut social security contributions by over 4 percentage points, 500,000 new jobs were created, according to the latest figures released in 2024. There are 500,000 more people working in the private sector than there were in 2019. So that’s a lot important measure to release and stimulate even more, the dynamics of employment and help us to further de-escalate unemployment” he noted.
“Unemployment falls to 9% for first time in confirmed data since 2009”
Niki Kerameos reminded that a few days ago ELSTAT published the unemployment rate, which for the first time with confirmed data falls below 10%. It falls to 9% for the first time with confirmed figures since 2009.
Now that we are reaching the hard core of unemployment below 10%, further efforts are needed and we will target categories where we believe there is a greater scope for improvement. Women, based on the data, have a lot of room to increase employment, because the data show internationally that women very often do not work because they take care of minor children or because they take care of the elderly, parents,” he said.
To a teletheta question about collective agreements, Niki Kerameos replied that “as a State we will do everything necessary to strengthen the institutional framework of collective agreements. The prime minister has mentioned many times, the issue and the will of the government is to expand. But everyone must also sit at the same table to agree.”
The minister was asked to comment on developments in SYRIZA, with Niki Kerameos replying that “she will not get into the internal affairs of the party, but in democracy the role of the opposition is very important. ND is a pillar of stability that the Greek economy needs in the wider political system”, he added in closing.
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Greek PM Pledges Pension and Wage Hikes by 2027 Within Budget Limits
Greek Prime Minister Kyriakos Mitsotakis has made a bold promise to increase pensions, cut taxes, and reduce social security contributions by 2027, all within the country’s budget limits. This announcement comes as a welcome relief to pensioners and workers in Greece, who have been facing economic challenges in recent years.
Pension Increase
According to the Prime Minister, pensions will increase by up to 2.5% in 2025, with the new algorithm establishing a range of 2.2-2.5% increase in pensions on an annual basis from January 1st [[3]]. Additionally, an extraordinary aid of up to 200 euros is planned for approximately 670,000 pensioners who have an income of up to 1,600 euros until the personal difference is extinguished.
Reduction in Insurance Contributions
The Minister of Labor, Niki Kerameos, characterized the reduction in insurance contributions as a “basic measure” in labor matters. The reduction, which was initially announced to be 0.5%, has been doubled to 1%, meaning that the money paid to the state for each employee will decrease significantly [[1][2]]. Greece had very high insurance contributions, but since 2019, they have been reduced by 4.4 percentage points, and by 2027, they will reach six percentage points less.
Boost to Employment
The reduction in insurance contributions is expected to boost employment and stimulate economic growth. In the years when social security contributions were cut by over 4 percentage points, 500,000 new jobs were created, according to the latest figures released in 2024. This means that there are 500,000 more people working in the private sector than there were in 2019 [[1][2]].
Unemployment Rate
The unemployment rate in Greece has also seen a significant decrease, falling to 9% for the first time with confirmed data since 2009. The Minister of Labor, Niki Kerameos, highlighted that further efforts are needed to target categories where there is a greater scope for improvement, such as women, who have a lot of room to increase employment [[1][2]].
Collective Agreements
In response to a question about collective agreements, Niki Kerameos replied that the State will do everything necessary to stimulate collective agreements and promote social dialogue.
the Greek Prime Minister’s pledge to increase pensions, cut taxes, and reduce social security contributions by 2027 is a significant step towards boosting employment and stimulating economic growth in Greece. The reduction in insurance contributions is expected to create new jobs and help further decrease the unemployment rate, which has already fallen below 10%.
Greek PM Pledges Pension and Wage Hikes by 2027 Within Budget Limits
Greek Prime Minister Kyriakos Mitsotakis has made a bold promise to increase pensions, cut taxes, and reduce social security contributions by 2027, all within the country’s budget limits. This announcement comes as a welcome relief to pensioners and workers in Greece, who have been facing economic challenges in recent years.
Pension Increase
According to the Prime Minister, pensions will increase by up to 2.5% in 2025, with the new algorithm establishing a range of 2.2-2.5% increase in pensions on an annual basis from January 1st [[3]]. Additionally, an extraordinary aid of up to 200 euros is planned for approximately 670,000 pensioners who have an income of up to 1,600 euros until the personal difference is extinguished.
Reduction in Insurance Contributions
The Minister of Labor, Niki Kerameos, characterized the reduction in insurance contributions as a “basic measure” in labor matters. The reduction, which was initially announced to be 0.5%, has been doubled to 1%, meaning that the money paid to the state for each employee will decrease significantly [[1][2]]. Greece had very high insurance contributions, but since 2019, they have been reduced by 4.4 percentage points