Greek Court of Audit Grants Retired MPs Up to €100,000 in Back Pensions

Greece’s Court of Audit has decided that retired members of parliament are entitled to up to 100,000 euros in pension pay retroactively, according to an Eleftheros Typos newspaper report.

According to the Court of Audit, under Law 3691/2008 that gave salary raises to judges, parliament members were also entitled to respective raises. The bill, passed in parliament in 2008, granted raises to judges but not to MPs. Now retired MPs are entitled to up to 100,000 euros in back pay.

Although, the government had filed an appeal against the decisions issued by the Plenary of the Court, however, a window opened as the payment of retroactive raises was decided by the three-member committee of the Court, whose decisions are directly enforceable without allowing the State to refute or delay.

Now the Ministry of Finance has to decide the way and the time frame to pay arrears to the retired MPs who are entitled.

According to the report, it is estimated that retired MPs can receive up to 100,000 euros. The pension reductions decided in 2010 at the onset of the economic crisis will be deducted retroactively also. It is estimated that after the cuts, each former MP will receive 50,000 – 60,000 euros.