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← Overview Database of Innovative Social Policies in Europe

Restriction of eligibility criteria for retirement

Country of implementation
Greece
General short description of the innovation
Gradual increase in the minimum full time working years as a precondition to get full-time pension. From 2015 the pension level will be defined according to the sum of all contributions instead of the average of the better 5 years (Law 3863/2010). The annual accrual rate does not exceed 1.2% on average
Target group
Older Workers
Policy Field
  • pension
Type of Policy
  • public
Duration of the policy
2010- 2015 onward. The reform adopted in 2010 and will complete in 2015.
Scope of innovation
  • Scope: structural
  • Budgets: not defined
  • Number of intended beneficiaries: all in working age population
  • Spatial coverage: national
General description of (intended) objectives and strategies
Provision of financial motives for longer stay in formal employment
Type of ideal-typical strategy for the innovation
  • dualisation
Type of innovation
  • retrenchment or expansion of an existing/earlier policy
New outputs
  • benefit eligibility
  • benefit level
Intended target group
Actors involved in policy-making/implementation and/or evaluation
  • agency or national social insurance body
  • central state
Intended output
    Clarification of outcomes in terms of impacting resilience and labour market inclusion
    Elderly workers apply earlier for retirement in order to avoid the impact of the forthcoming rules on their existing retirement options. In the short term reduce the employment rates of elderly while it will increase in the long term
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