Trade with Greece
78
Pension funds
2013
2014
2015
Contributions
(€ bn)
Pensions
(€ bn)
Deficit
(€bn)
Contributions
(€ bn)
Pensions
(€ bn)
Deficit
(€bn)
Contribution
s (€ bn)
Pensions
(€ bn)
Deficit
(€bn)
Main
9.0
19.2 10.2
9.1
19.4 10.3
9.6
19.7 10.1
Government
1.9
5.9
4.0
1.8
6.0
4.2
1.7
6.1
4.3
Supplementary
2.2
3.9
1.7
2.3
3.9
1.6
2.3
3.6
1.3
Total
13.1
28.9 15.8
13.1
29.3 16.1
13.6
29.3 15.7
As % of GDP
7.2% 16% 8.8%
7.4% 16.5% 9.1% 7.8% 16.7% 8.9%
Contribution-benefit reciprocity per pension fund
Salary
(gross)
Contributions up to
31/5/2016 (15.5%)
Net before tax
Contributions
after 1/6/2016
(16%)
Net before tax
after 1/6/2016
Total employer burden/month
Up to 31/5/2016
(24.5% contribu-
tion)
After 1/6/2016
(25% contribu-
tion)
586
91
495
94
492
144
147
943
146
797
151
792
231
236
1419
220
1199
227
1192
348
355
1895
294
1601
303
1592
464
474
2371
368
2003
379
1992
581
593
3561
552
3009
570
2991
872
890
4632
718
3914
741
3891
1135
1158
5860
908
4952
938
4922
1436
1465
What will employers and employees pay after the increase of supplementary
pension contributions
Years
Replacemen
t ratio (%)
National
pension
Average gross monthly earnings, 2002-2015 (1)
800.00
1000.00
1200.00
1500.00
1700.00
2500.00
Total pension after health insurance contribution and before tax (2)
15
11.55
345.60
411.72
433.43
455.15
487.72
509.43
596.29
18
14.07
368.64
452.33
478.78
505.23
544.91
571.36
677.17
20
15.87
384.00
480.30
510.14
539.97
584.73
614.56
733.91
25
20.68
384.00
516.47
555.35
594.23
652.55
691.43
846.94
29
25.16
384.00
550.16
597.46
644.76
715.72
763.02
952.22
33
30.63
384.00
591.30
648.88
706.47
792.84
850.43
1080.77
35
33.81
384.00
615.21
678.77
742.34
837.68
901.24
1155.50
36
35.4
384.00
627.17
693.72
760.27
860.10
926.65
1192.86
37
37.2
384.00
640.70
710.64
780.58
885.48
955.42
1235.16
40
42.8
384.00
682.82
763.28
843.74
964.44
1044.90
1366.76
45
52.8
384.00
758.02
857.28
956.54
1105.44
1204.70
1601.76
The new main pensions (amounts after health insurance contributions and before
tax for applications submitted after the law comes into effect)
1. No Christmas, Easter, or vacation bonuses are included.
2. The sum of the national pension depending on the years of work, and the reciprocal portion of the
pension, based on the replacement ratios corresponding to the total years of work.
