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01.09.2026
ECONOMY
16:53

Multiple pensions: What’s changing under the new regulations and which officials are eligible for waivers

The Comptroller General explains the provisions of the law
ALPHANEWSLIVE


The new legislative provisions regarding the pensions of government officials provide for an annual pension and a lump-sum payment. Appearing as a guest on the “Alpha News” program, Comptroller General Andreas Antoniadis explained that the law stipulates that most future government officials will receive a pension at age 65, rather than at age 60, as is the case for current officials.

At the same time, the law provides for a complete suspension of pensions for the President of the Republic, the Speaker of the House, ministers, the government spokesperson, members of Parliament, and members of the EDY and EEU. Pensions or salaries for other officials will be suspended, and they will receive a lump sum of €500. At the same time, any official is now legally permitted to submit a written declaration voluntarily waiving their state pension for the duration of their service in a new office. The Parliament, has also established a cap so that the total amount of multiple pensions paid does not exceed two-thirds (2/3) of the official’s highest pensionable earnings

All changes to graphics:

The General Accounting Office is also responsible for the allocation of party funding, which amounted to nearly eleven million euros for the year 2025.
Parliamentary parties receive state funding, the amount of which is determined by the Council of Ministers and included in the state budget, and the total is allocated as follows:
(a) Fifteen percent (15%) of the regular funding is paid in equal installments; and
(b) the remaining portion is paid in proportion to the percentages they received in the most recent elections
held pursuant to the provisions of the Laws on the Election of Members of the House of Representatives from 1979 to (No. 5) of 2011, as amended or replaced from time to time.
Each parliamentary party receives state funding in January of each year, in proportion to the percentage of the vote it received in the most recent parliamentary elections, in five annual installments.

Here’s how the funding was allocated:

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