Those who decide to retire early have a lot to lose, according to lawyer and social security expert Dionysos Rizos, as each year an employee continues to pay premiums beyond age 35 has a significant impact on the basic pension.
Significant losses can range from 26.2 euros and reach an average of 187.5 euros per month if citizens rush to retire this year (before the New Year), fearing an increase in the age threshold from 1/1/2022.
Recall that on December 31 of this year, the transition period of 2015-2021 ended, during which all intermediate age restrictions on access to a well-deserved rest at 62 and 67 years were gradually canceled.
From January 1, 2022, the establishment of a pension right now is 62 – 40 years of insurance or 67 years with insurance for at least 15 years for everyone. Alternatively, you can retire at 62 with at least 15 years of insurance and a reduced pension.
As the political leadership of the Ministry of Labor has repeatedly assured, those insured who have managed or will be able to exercise their right (to retire) during the transition period and before December 31 of this year (at a younger age) can do so at any time. In other words, the door does not close for them after the New Year.
In particular, according to Mr. Rizos:
A civil servant PE (university degree) can receive an average of 41.2 euros in addition to his basic monthly pension for each year of continuing to pay insurance premiums from the age of 35 and over (up to 40). A civil servant TE (technology education) can receive an average of 37.5 euros in addition to his basic monthly pension for each year of continuing to pay insurance premiums from 35 years of age and older (up to 40) A civil servant (secondary education) can receive an average of 31, € 2 in addition to your basic monthly pension for each year you continue to pay insurance premiums from the age of 35 and over (up to 40). An HR (compulsory education) civil servant can receive an average of 26.2 euros in addition to his basic monthly pension for each year he continues to pay insurance premiums from the age of 35 and over (up to 40).
According to the analysis of the data produced by Mr. Rizos, there is a benefit from staying at work in the expected lump sum as well as in the supplementary pension, which is calculated as follows:
An average supplement of 650 euros as a lump sum for each year of stay in insurance from 35 years of age and older (up to 40). The average supplementary pension supplement is from 8 to 12 euros for each year of stay in insurance from 35 years and older (up to 40).
A PE civil servant (higher education) with a pensionable salary of 1,500 euros (average salary since 2002 before applying for a pension) and 35 years of insurance is entitled to a basic pension of 944 euros. If he stays for one more year and completes 36 years of insurance, he will be entitled to a pension of 981 euros – he will receive 37 euros per month. The same employee, if he stays to work and pay insurance:
up to 37 years old – will receive a pension of 1019 euros, receives +75 euros per month, up to 38 years old – will receive a pension of 1058 euros, receives +114 euros per month, up to 39 years old – will receive a pension of 1096 euros, receives +152 euros per month , up to 40 years old – will receive a pension of 1134 euros, – receives +190 euros per month for 5 years.