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Greece Clarifies Maximum Basis for Pension Contributions

|Approved Changes|Greece
Greece

The Greek Ministry of Labor has published Circular No. D.15/D'/9096/227 of 8 August 2019 concerning the maximum basis for pensions contributions. The Circular includes that the maximum basis for employee contributions is 10 times the minimum wage, which has been set at EUR 650 per month since 1 February 2019 for all employees, regardless of age. Based on this, the maximum monthly contribution for pensions is EUR 866.45 (13.33% x EUR 6,500) for employers and EUR 433.55 (6.67% x EUR 6,500) for…

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