From January 1, 2026, pensions from all funds will see a significant 2.4% increase, providing substantial economic benefits to millions of retirees. The new adjustment positively affects primary pensions, with different amounts depending on the insurance fund and years of work.
Read: Tax reduction for retirees starting from New Year’s Day
New pension amounts for IKA and public sector
IKA insured individuals with at least 30 years of insurance will receive an average pension of €1,247.23 monthly, compared to €1,218 they currently receive. The additional annual income amounts to €567.30.
Meanwhile, public sector pensions for those who have completed 35 years of service will reach €1,346.56, up from the current amount of €1,315. The annual improvement is calculated at €378.72.
Increases for public utilities, banks and OAEE
Former employees of public utilities and banking institutions with 35 years of insurance will receive pensions of €1,406, compared to today’s €1,374. The additional annual amount reaches €403.
For OAEE insured individuals with at least 35 years of insurance, pensions increase to €1,271.45 from €1,239, providing additional annual income of €251.39.
Benefits for farmers and short-term insured
OGA farmers with 20 years of insurance and above will receive average pensions of €1,120.14, increased from the current €1,093, with an annual benefit of €325.
Finally, retirees with 15 years of insurance will see their pensions increase to €659.46 from €644, gaining an additional €195 annually.
