The Ministry of Labor and Social Insurance announces that the implementation of the government’s plan for the timely payment of statutory pensions for new retirees has been completed within one month of reaching retirement age or from the date they wish to receive their pension.
The timely payment of the first installment for the statutory pension began to be implemented with the payment of pensions in September 2023 and was completed with the payment of pensions in January 2024, positively affecting over 6000 new retirees annually and definitively putting an end to the lengthy delays of the past.
The acceleration of the payment of all benefits and allowances provided by the Social Insurance Services is a policy priority of the Ministry of Labor and Social Insurance within the framework of implementing the Governance Program and is being progressively implemented with specific results.
Minister of Labor and Social Insurance Mr. Yiannis Panayiotou stated:
“The choice of the statutory pension as the first benefit now paid timely to all beneficiaries is indicative of the minimum appreciation that the state owes to the workers who were consistent in their obligations by paying their contributions to the Social Insurance Fund and expect that upon their transition from work to retirement, the state will do the obvious, responding to its own obligations promptly. Human-centered government policy brings tangible results that gradually improve the daily lives of thousands of citizens, addressing problems and correcting distortions, with the aim of improving the quality of life of citizens.”