Saturday , July 24 2021

Pensions May 2021: change of payment: dates for the public, IKA, OAEE, NAT, OGA



Pensions for May 2021: Thousands of retirees will be fired in April with their pockets full as their main and auxiliary pensions will be paid. Read the payment dates at xristika.gr.

Specifically with the provision of Law 4611/2019 (Government Bulletin No. A 73 / 17.05.2019) entitled – Settlement of debts with the institutions of the Social Security, the Tax Administration and local authorities of the first degree, Public regulations of pensions and other insurance and provisions on pensions, employee protection and other provisions: new payment dates are set for the main pensions.

The date of payment of EFKA’s main monthly pensions is defined:

For employees on the penultimate working day of the previous month

For the self-employed on the fourth last working day of the previous month

In exceptional cases, the dates in paragraph 1 may be differentiated following a reasoned decision of the EFKA Board of Directors and approval by the Minister of Labor, Social Security and Social Solidarity.

By decision of the Minister of Labor, Social Security and Social Solidarity, all the details necessary for the application of this are regulated, as well as the manner of applying it to institutions that pay benefits that are not reduced monthly.

Retirement payment dates for all pension funds in May 2021 are as follows:

IKA will pay pensions from May 2021 on Friday 23 April 2021 (for pensioners whose AMKA expires on days 1, 3, 5, 7, 9)

IKA will pay pensions from May 2021 on Monday 26 April 2021 (for retirees the AMKA expires at 0, 2, 4, 6, 8)

For the rest of the funds, the pensions for May 2021 will be paid as follows:

OAEE will pay pensions for May 2021 on Tuesday, April 27, 2021

OGA will pay pensions for May 2021 on Tuesday, April 27, 2021

The EBRD (unemployed) will pay pensions in May 2021 on Tuesday, April 27, 2021

NAT will pay pensions for May 2021 on Wednesday, April 28, 2021

The state will pay pensions from May 2021 on Wednesday, April 28, 2021

The remaining EFKA funds will pay their May 2021 state pensions on Wednesday, April 28, 2021

The temporary pensions of the Armed Forces, Security Forces and Firemen of May 2021 will be paid to the State on Wednesday, April 28, 2021

OPEC will pay uninsured seniors ’pensions on Thursday, April 29, 2021

Pensions May 2021: what time the money appears in the accounts

A common issue for retirees, when announcing pension payment dates, is when the money appears at bank ATMs so they can withdraw with their card.

The answer is:

Pension amounts are displayed at ATMs and are available for withdrawal on the previous business day from the payment date in the afternoon to evening (usually from 6pm to 9pm depending on the bank)

Therefore, if the payment day is Monday, the pension money is shown at the ATMs from Friday night (previous HOURS day).

Pensions May 2021: Increases every month and retroactively in one installment

What does the decision of Deputy Minister of Labor and Social Affairs Panos Tsakloglou say? All public and private sector pensions are affected. All details at xristika.gr.

The monthly increases, starting in the summer, and retroactively that will be paid in a fee “contribute” the recalculation based on the Vroutsi law (October 2019) in the main pensions of former retirees (before the Katrougalos law).

According to the long-awaited decision of Deputy Minister of Labor and Social Affairs Panos Tsakloglou, all public and private sector pensions (except the former OGA), which have already been recalculated or are yet to be recalculated, are affected.

The ministerial decision states that for the determination of the amount to be paid from 01.10.2019 is compared

the amount of the national pension, the compensatory pension and the personal difference paid on 30.09.2019

the sum of the national pension, the compensatory pension and the personal difference resulting from the new provisions.

If the net amount paid before taxes before 12.05.2016 is greater than the sum of the national, compensatory and personal differences in accordance with the provisions of this document, the additional amount is still paid to the beneficiary as a difference positive staff, compensated annually and until their complete elimination, with the respective adjustment of pensions.

If the net amount paid before taxes before 12.05.2016 is less than the sum of the national, compensatory and personal differences in accordance with the provisions of this document, the negative personal difference paid until 30.09.2019 continues to pay -based on the current quota, from 1.01.2019 and the amount of the contributory pension is increased by one-fifth of any additional difference that occurs, for the period between 1 October of 2019 and December 31, 2020 and will be gradually equalized annually until December 31, 2024.

In the event that the personal difference that would derive from the provisions of this is less than the personal difference that would occur for the period between 13.05.2016 and 30.09.2019, the payment of the personal difference is completed until 30.09.2019 according to the applicable The difference between the two amounts is granted as a positive personal difference, which is compensated annually and until its complete elimination with the respective pension adjustment.

Increases and retrospectives are expected for 200,000 retirees from October 2019 until the day the ministerial decision is implemented.

However, most retirees with a positive personal difference in their salaries will not see a real increase in their pension, only accounting.

The retroactive amounts resulting from the new adjustment for the period between 1.10.2019 and the publication of the decision are granted globally.

Pensions May 2021: “It rains” money for four months

Retroactive increases in major pensions come five months from March to July for more than 600,000 retirees and will even be noticed in tens of thousands of low-income retirees with more than 30 years of insurance.

The timetable of the Ministry of Labor and e-EFKA for the adjustments to be made to the main pensions with the application of the new replacement rates from 30 years of insurance and subsequent returns of one or two months due of the complexity of the calculations on the one hand, but also of the immediate priority of paying 360-384 euros on a pension to approximately 100,000 outstanding retirees to whom no amount has been paid – not even a temporary pension – since they applied for retirement.

The fact that they do not receive temporary, apart from arrears, has to do with their own negligence, as many, fearing that their final pension will be delayed, chose not to declare that they want temporary and continued “still waiting “and 3 years.

The calendar of increments and retrospectives is formed with the data up to the following:

  • APRIL: Retroactive payments are paid from pension advances of 360 euros and 384 euros for outstanding retirees who will apply for a pension advance on March 31st.
  • MAY: the increases of law 4670/2020 come with the first recalculation of pensions for 30 years that will affect pensioners of the law Katrougalos, ie those who left from 13/5/2016 to 9/09/2019 .
  • JUNE: Retrospective increases are paid to retirees of the first recalculation for 19 months, that is, from October 2019 until the May pension.
  • JULY: The increases come from the second recalculation of Law 4670, which will affect old retirees before May 2016, while retroactive payments will be paid next month (August) and for 20 or 21 months.
    Increases in IKA funds and other low funds

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