What's changing and what's not for retired retirees



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His Dimitris Katsaganis

Reductions up to 10% less bring the Catastrogas Act to the pensions of those who continue to work even after retirement.

In fact, instead of a 70% reduction, the retirement pension will be reduced by 60%. However, this smaller reduction in pensions only concerns retirees who work from May 13, 2016 and not those who worked before that date. Indeed, if a pensioner (since 13/5/2016) works in the public sector, he will lose 100% of his pension.

This clarifies a circular of the EFCA, which was published to facilitate the implementation of a relevant provision of the catrugale law.

In more detail, the circular distributes the following details by category of retired employees:

1. Retired having worked before 13/5/2016

Retirees who were insured for the greater part of their lives in the state or in the broader public sector and who continued to work after retirement in the above-mentioned areas were covered by the provisions in force until 39 to 12 May 2016 (that is to say, before the beginning of the law on disasters). In other words, the amount of their pension has been reduced by 70%.

2. Retired having worked from 13/05/2016

In the event that these persons hold a job in the public sector or in the public sector at large as of May 13, 2016 and must compulsorily be subject to the NFIP insurance, they are now subject to the provisions of the law of Catastroucus. .

That is to say that as long as the gross amount of their main and supplementary pensions is used, it is reduced by 60%.

However, if they hold a job / employment / activity in a government agency, their primary and supplementary pensions will be suspended as long as their work, services or activities last.

3. Disabled retirees, pensioners with extra-school allowance

For retired pensioners due to their old age, the provisions relating to the conversion of the disability pension into an old-age pension and the pensioners receiving the extra-maternity allowance are as follows:

– Provisions concerning special retirement conditions for surviving spouses do not apply

– The legal provisions providing for the suspension of the payment of the old-age or disability pension are not applicable if the pensioner is employed or self-employed and is insured by the pension institution.

– Especially for beneficiaries of the extra-child allowance, it is specified that the amount of the allowance is paid in full when they work.

4. Elected in local government organizations

For persons taking office as elected bodies of the OTA As of May 13, 2016, the following provisions apply:

– The mayors, deputy mayors and presidents of the municipal councils of all the municipalities, if they have the status of retired, have the right to choose the remuneration provided for this post and paid by the municipality or to resign it within a certain time period. limited to 10 days. taking office as elected.

– The provisions relating to retired employees also include senior retirees who are appointed as elected local government bodies, provided that their appointment to these positions is made as of May 13, 2016 and that the obligation to insure them is charged to the EMFF.

In the event that these persons are not entitled or have waived the compensation provided for the position (provided for by the aforementioned provisions), the provisions relating to retired employees also occupying retirees appointed elected bodies of the OTA This, however, since their appointment to these positions will take place from 13/5/2016 and that there is an obligation to insure them within the APPHA.

With respect to employees / retirees in case of disability, provisions that existed prior to Catrugal's law were still applicable depending on the fund to which each category belonged.

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