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Increases in supplementary pensions amounting to 206 euros per month with retroactive payments exceeding 1,800 euros will come in July for approximately 300,000 retirees from 21 Funds. The decision “locked” in the Ministry of Labor the previous days and the green light for the payment of the increases and the retroactive payments to the auxiliaries that were reduced after June 2016 was lit with the circular for its recalculation in the amount taken by pensioners before court
The restoration refers to auxiliaries who, together with the main pensions, had a sum of more than 1,300 euros in May 2016 and since June 2016 with Law 4387 (Katrougalos law) they were reduced by up to 55%. These reductions were considered unconstitutional in October 2019 by Resolution 1890 of the State Council (CoE) on the basis that they were not based on a study and that the sum of pensions exceeding 1,300 euros was arbitrarily taken as a criterion, putting the same “cauldron”. Main and auxiliary. The repeal of the cuts was approved in Law 4670/2020 (Vroutsis Insurance Law) and the government restores the auxiliary amounts to the same amount that pensioners received before the cuts, with retroactive increases from October 2019. 
The increases, as reported by Free Press, will be paid from July 2020 as examined, with retroactivity for the period from October 2019 to June 2020, that is, retroactive increases for 9 months. The amount for 2020 was estimated at 370 million euros and 280 million euros for the coming years.
The increases will be of various speeds and retirees will return to the gross sum of more than the 1,300 euros they had before the reductions. For example, IKA retirees had reductions of 50.73% and will have a corresponding increase in July with 9 retroactive months. The same is true for retirees with the assistance of bank funds (formerly Pisteos, Emporiki) or NAT, as well as the ATM fund, where the reductions were between 40% and 55%.
