Philenews

2027 for Pension Reform – Increases in Pensions for All, Says Mousiouttas

Published January 26, 2026, 12:15
2027 for Pension Reform – Increases in Pensions for All, Says Mousiouttas

The Minister of Labour, Marinos Mousiouttas, announced that the pension reform is expected to be implemented in 2027, after the relevant bills are submitted to Parliament in June. The Minister noted that 12 meetings have been held with social partners to explain the actuarial study and that he expects their positions. The reform provides for increases in pensions and related benefits, without the exact amount of the increases being determined yet. In addition, the investment policy of the Social Insurance Fund (SIF) will be determined, the method of repaying the state's debt to the SIF (amounting to €11.3 billion) and the administration of the fund. If the legislation is approved within 2026, its implementation will begin on January 1, 2027.