Pension reforms focusing on increasing low pensions
May 5, 2026
Labor Minister Marinos Mousiouttas announced plans for a significant increase in pensions and a reform of the pension system that has remained unchanged for 46 years. The changes are expected to take effect on January 1, 2027, prioritizing low pensions. Among the reforms are automatic registration in the Social Insurance Fund and recognition of stay-at-home mothers. There will also be a reduction in penalties for early retirements. The aim is to simplify benefits and consolidate them into a single payment.