Pensions: 27 Months of Retroactive Payments for 47,055 Retired Military Personnel – A Significant Victory

The government has announced the payment of 27 months of retroactive amounts to 47,055 retired military personnel, following a court ruling that recognized the illegal deductions made on dividends from the Military Mutual Funds of the Army, Navy, and Air Force back in 2012.

This move is a major victory for the beneficiaries, who had seen their rights compromised for years. The retroactive payments concern deductions applied to the dividends, which are allowances received by retired personnel through their specific mutual funds.

How the amounts are determined and who are the beneficiaries?

• The 47,055 retirees receiving retroactive payments come from all branches: Army, Navy, and Air Force.
• The amounts relate to illegal deductions imposed since 2012 and now returned with the corresponding interest.
• The payment process will be carried out promptly, and retirees will be informed about the exact amount owed to them.

The political significance of the refund

This decision aligns with the government’s commitment to respect and restore the rights of military pensioners, who have faced reductions and injustices over the years.

In an official statement, government officials emphasized that:“The return of retroactive payments is not only a financial restitution but also a recognition of the contribution of retirees to the nation. We continue to support in a tangible way those who have faithfully served our Armed Forces.”

Implications for society and the economy

• The payment of retroactive amounts will boost the purchasing power of beneficiaries, many of whom belong to vulnerable economic groups.
• This move is expected to have a positive impact on local economies, especially in regions with a high number of retirees.
• At the same time, this policy strengthens trust in the state and the social security system.

Overall, the refund of 27 months of retroactive payments to 47,055 retirees from the Military Mutual Funds is a step toward justice and social sensitivity, recognizing and honoring the contribution of Armed Forces personnel.

Source: pagenews.gr