EFKA: average pension at 1,000 euros in December

The average pension in Greece is estimated to rise to 1,000 euros in December 2026, from today’s 975 euros, according to a report by Koinignomi (koinignomi.gr) published on Sunday 27 September 2026. The development affects approximately 2.5 million retirees across the country, from main to supplementary pensions. This is an estimate based on the pension adjustment mechanism and not a final amount, since the final amount will depend on official inflation and growth figures that will be finalised later in the year. The difference of 25 euros between today’s 975 euros and the estimated average pension in December reflects exactly the adjustment rate expected to be applied.

Pension adjustments are calculated using the formula (inflation + growth) / 2. The Bank of Greece estimates inflation at 3.5%, while growth is estimated at 1.8%-1.9%. Based on these two figures, the estimated increase ranges between 2.65% and 2.75%. These are also estimates, since both inflation and growth can be revised before the rate to be finally applied to pensions is finalised, with the final figure potentially differing slightly from the range currently circulating. The same mechanism is applied each year to calculate the adjustment and directly links pension trends to the performance of the Greek economy. More information on the performance of the Greek economy is published in the Economy section.

In practice, the adjustment will have different impacts depending on the pension level. In a low pension of 600 euros, the increase corresponds to approximately 16 euros per month, while in a pension of 2,500 euros the increase reaches approximately 65 euros, showing how the same adjustment rate translates into very different amounts depending on the initial pension level. Particular significance has the abolition of the personal difference, which allows 670,000 retirees to receive for the first time a real increase in the amount they receive in their hand, something that has not happened until now due to the offsetting mechanism that absorbed part or all of the adjustment. For these 670,000 retirees, the change means the increase will now be clearly visible in the amount paid each month. The issue of pensions is closely linked to broader social issues, as recorded in the Society section.

The final amount of the increase is expected to be finalised and reflected in the pensions paid in December 2026, when official figures for inflation and growth become available. Until then, the rates currently circulating remain estimates and not an official EFKA announcement. The 2.5 million retirees in the country are expected to be officially informed of the exact adjustment amount before December’s pension payment, while particular interest will be in the final impact on the 670,000 retirees affected by the abolition of the personal difference. Until the official announcement, the estimates for an average pension of 1,000 euros remain the key reference point for retirees following the development of the issue.