Social Security will issue a double pension to all retirees in June. At the corresponding sixth pension of the year, which includes the 8.5% increase agreed in the General Government Budgets, they will also receive the extra summer pay.
The improvement in pensions is linked to the interannual CPI since last year 2022. A measure that will be applied during the 14 monthly payments of this year and that leaves behind the old pay that the Executive included each year in the budgets.
A payment that was intended to improve the purchasing power of retirees in the face of rising prices of consumer goods. In addition, currently this automated rise in each financial year will serve to combat economic inflation due to the Ukrainian War.
Social Security will enter the more than 10 million pensions corresponding to the month of June, as well as the extra summer pay, in arrears, that is, between July 1 and 4. However, financial institutions like every month advance the payment of the corresponding monthly installments.
In this June, it is estimated that pensioners will receive their payroll in their checking accounts between Friday, June 23 and Monday, June 27.
Likewise, the 15% increase in non-contributory pensions approved in July 2022 will be maintained during the 2023 financial year. These benefits remain as follows:
According to the criteria of The Trust Project
