How many years of insurance do I need for pension?

Under the general rules, a full pension is available at 67 with at least 15 insurance years or at 62 with 40 years. A reduced pension at 62 with 15 years depends on fund-specific conditions.

What difference do EFKA categories make for pension?

Higher EFKA categories mean larger monthly contributions and a higher pensionable basis. For 2026, Category 1 for main pension and health is €250.77/month, while Category 6 is €675.87/month.

How is the replacement rate calculated?

The contributory pension uses pensionable earnings and the marginal rates in Law 4670/2020: 11.55% at 15 years, 37.31% at 35 years and 50.01% at 40 years of insurance.

What is the real value of pension?

The real value shows the current purchasing power of your future pension, subtracting the expected inflation until retirement.

EFKA Pension Calculator

Estimate your future pension based on EFKA contributions, years of service, and retirement scenarios.

Employee and self-employed scenarios with different EFKA categories and retirement ages.

Work and income today

Current age

Employment type

Employee Self-employed

Current annual gross income (€) Your current annual gross income used for EFKA contributions

Retirement plan

Years of EFKA insurance

Retirement age The age when you plan to retire

EFKA category 2026 main pension and health contributions; the €10 unemployment contribution is separate

Future income assumptions

Annual income growth (%)

Expected inflation rate (%)

Children May affect pension calculation in some scenarios

Summary Analysis

EFKA Pension Examples

Based on the marginal replacement rates in Law 4670/2020: 11.55% at 15 years, 37.31% at 35 years and 50.01% at 40 years. Amounts are in today's euros.

Employee, €25,000/year, 35 years old

With 15 years insured, retiring at 67 (32 more years), expected monthly pension ~€1,500-1,700/month

Employee, €40,000/year, 45 years old

With 20 years insured, retiring at 67 (22 more years = 42 total), expected monthly pension ~€1.800-2.200

Self-employed, Category 3, 40 years old

With 15 years insured and €360.63/month for main insurance and health, retiring at 67 (27 more years), expected monthly pension ~€900-1.100

Early retirement at 62

With 40 years of insurance, the general rule allows a full pension at 62. A reduced award may be available with 15 years, subject to fund-specific conditions; the five-year reduction is 30% of the national component only.

Earnings above the insurance ceiling

The 2026 monthly insurable-earnings ceiling is €7,761.94. At that career-average ceiling and 40 years, the estimated main pension is about €4,329/month, including the €446.87 national pension.

Maximum pension cap

For 2026, the legal maximum for a monthly main pension or sum of main pensions is €5,362.44.

Estimates depend on income growth, inflation, and years of service. Use the calculator with your specific inputs for personalized results.

Sources & legal basis

Last updated: 21 July 2026