The basic component of Social Insurance pensions will increase by 3.38% as of 1 January 2026, the Labour Ministry announced on Monday.
According to the statement, the monthly amount of the full basic pension will rise to €529.82, while the minimum pension will increase to €450.35 per month, for beneficiaries without dependants.
It is also noted that, based on the Consumer Price Index, there will be no increase in the supplementary component. In addition, as of 1 January 2026, the social pension will be set at €429.15 per month.
The Social Insurance Services also announced that the maximum insurable earnings ceiling will increase from January 2026 to €1,325 per week and €5,742 per month.
The notional incomes of self-employed persons, on which social insurance contributions are calculated, will increase by 3.38% as of 5 January 2026.
As of 5 January 2026, the funeral grant will be set at €642.88, while the maternity grant will be set at €1,095.21, €1,642.81, €2,190.42 and €2,738.02 for the first, second, third and fourth plus each subsequent child, respectively.
