Updated
Updated · Kathimerini English Edition · Aug 8EFKA Reports €978.92 July Pension Average as Median Trails at €869.81
1 articles · Updated · Kathimerini English Edition · Aug 8Summary
- €869.81 was the median monthly pension in July, below the €978.92 average, indicating most pensioners received less than the mean, EFKA data showed.
- €500 to €1,000 covered the vast majority of monthly pensions, pointing to a heavy concentration of payments in the lower-to-middle range.
- €2.86 billion was paid out in July across 2,923,796 main pensions, 1,416,176 supplementary pensions and 445,592 employee-fund dividends.
Insights
With most Greek pensions under €1,000, how are local retirees surviving while the country lures wealthy expats with a 7% flat tax? Processing times plunged from 500 to 42 days, but does a faster bureaucracy matter if the final pension payout remains barely livable? Could digitizing 53 million handwritten records finally solve the cross-border pension nightmare for expats stranded without their earned income?