Politis

Pension Reform to be Implemented in 2027, Says Minister

Published January 26, 2026, 14:19
Pension Reform to be Implemented in 2027, Says Minister

The Minister of Labour and Social Insurance, Marinos Mousiouttas, informed the Parliamentary Committee on Finance that the pension reform is expected to be implemented on January 1, 2027, if approved by the Parliament. The relevant bills will be submitted in June. The reform aims to resolve distortions, increase pensions and benefits. Mr. Mousiouttas stated that the state's debt to the Social Insurance Fund amounts to €11.3 billion, while the total debt to all funds amounts to €12.8 billion. The 2026 budget for the Social Insurance Fund was presented, with a projected surplus of €1.03 billion.