Politis

Tax-Free Lump Sum of €2 Million and Pension at 60 for Outgoing MPs - Salaries Exceeding €9,100 Net per Month for Officials (Table)

Published January 4, 2026, 13:13
Tax-Free Lump Sum of €2 Million and Pension at 60 for Outgoing MPs - Salaries Exceeding €9,100 Net per Month for Officials (Table)

A lump sum of €2 million is allocated in the 2026 state budget to be distributed among MPs who will not seek re-election or fail to be re-elected. This amount will serve as a kind of “bonus” for the completion of their term. In addition, outgoing MPs will be entitled to a pension starting at the age of 60, as the recent legislation setting the retirement age at 65 does not have retroactive effect. This means that the new legislation applies only to officials appointed or elected after July 2025. The amount of both the lump sum and the pension depends on years of service. For example, an MP with one term (5 years) is entitled to a lump sum of approximately €85,000 and a monthly pension of €1,400, while for two terms (10 years) the amounts increase to €200,000 and €3,400 respectively. €5.4 million has been allocated in the 2026 budget to cover the pensions of current and former officials, while the number of beneficiaries does not exceed 200. The lump sum is tax-exempt, unlike the corresponding amounts received by civil servants.