In significant increases – in between 4.35% and 5.6% according to the latest official forecasts main pensions in 2023 driven by the ever-increasing inflation brought about by the worsening energy crisis due to the war in Ukraine.
This is because the “equation” based on which (as provided by the relevant law) the increases in the main pensions will occur from January 1, 2023 – as from this date their 7-year “freeze” ceases to be valid- calculates with the same weight the rate of change of GDP and the rate of change of the Consumer Price Index.
In fact, any increase given should not exceed the rate of change of the Price Index, according to the same institutional framework.
In detail, the law based on which the percentage increase of pensions in 2023 will be calculated provides that “the total amount of the pension paid is increased from 1.1.2017 per year by a joint decision of the Ministers of Finance and Labor, Social Security and Social Solidarity based on a rate of 50% from the change in GDP and 50% from the change in the Consumer Price Index of the previous year and does not exceed the annual change in the Consumer Price Index ”.
Thus, if his latest official predictions are verified ΥΠΟΙΚas reflected in the Medium Term Program, according to which this year there will be growth of 3.1% and inflation of 5.6%then there will be an increase in pensions of at least 4.35% and at most 5.6%, as explained by competent analysts in Capital.gr.
If her latest predictions are verified ΤτΕ for growth of 3.8% and inflation of 5.2% this year, then there will be an increase at least 4.5% and a maximum of 5.2%.
If either the IMF forecast (3.5% growth and 4.5% inflation) is verified, a lower increase in pensions could occur in 2023, ie between 4% -4.5 %%.
It is reminded that with provisions of the previous government, the increase that was initially foreseen (according to Katrougalos law) for 2017, first until 2021 and then until the end of 2022, “froze”.
The Vroutsi insurance law, which was passed in February 2020, did not change the relevant provision, although based on the decisions of the CoC to the detriment of the Katrougalos law, it brought an increase in the main pensions of those who have more than 30 years of insurance.
Thus, for the “old” retirees with more than 30 years of insurance, ie for those who retired before May 2016, their negative personal difference was reduced, between the recalculated (according to the Vroutsi law) and the paid pension.
The increase in pensions under the Katruggalo law will lead to a corresponding reduction in their negative personal difference.
Thus, as each year (if this is allowed by the course of GDP and inflation) there will be an increase in pensions, the personal difference will decrease faster and the real – and not the “accounting” – increase will come faster.
“Accounting” increase – through the reduction of the negative personal difference – will have other “old” retirees with less than 30 years of insurance.
Two other categories of retirees will have a real increase. The first belongs to the pensioners, who after the recalculation of their pension (either with the Katrougalos law or with the Vroutsis law), received increases in their paid pensions.
The second belongs to the retirees who retired after May 13, 2016.
Source: Capital
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