Working Hours in Greece
The standard working hours in Greece are 8 hours per day and 40 hours per week. Any work beyond this must be compensated as overtime. However, many employees work longer hours due to collective agreements or individual contracts.
Employment Rights and Benefits in Greece
Paid Vacation and Sick Leave
Employees in Greece are entitled to a minimum of 20 days of paid vacation per year. In addition, workers are entitled to a varying amount of sick leave depending on the duration of their employment. For example, employees are entitled to up to 24 days of paid sick leave per year after a certain period of employment.
Social Security Benefits
All employees in Greece must be registered with the Greek social security system. Employers must contribute to the system on behalf of their employees, while employees must also make contributions. This contribution provides employees with a range of benefits, including healthcare, maternity leave, and a pension.
Maternity and Paternity Leave
Expectant mothers in Greece are entitled to 17 weeks of maternity leave, paid at 100% of their salary. Fathers are entitled to two weeks of paternity leave, paid at 100% of their salary.
Severance Pay
If an employee is terminated without just cause, they are entitled to receive severance pay. The amount of severance pay depends on the length of service with the employer. For example, employees with less than two years of service are entitled to two weeks pay, while those with more than 12 years of service are entitled to one month’s pay for each year of service.
Pensions
All employees in Greece are entitled to a pension through the Greek social security system. The pension is calculated based on the number of years of service and the average salary earned during the last 20 years of service. To qualify for a full pension, employees must have contributed to the system for at least 37 years.
Types of Pensions for Expats in Greece
Expats who are living and working in Greece may be eligible for a pension through the Greek social security system. However, they must meet certain requirements. Firstly, they must have legal residency in Greece and have contributed to the system for at least 15 years. Secondly, they must be at least 67 years old and have stopped working.
Expats who do not meet these requirements may still be able to receive a pension through a private pension plan. These plans are not regulated by the government and are offered by a range of private companies.
Retirement Age in Greece
The retirement age in Greece is currently 67 years old. However, there are some exceptions to this rule. For example, workers who have contributed to the system for at least 40 years may be able to retire at age 62 with a full pension.
In conclusion, workers in Greece are entitled to a range of employment rights and benefits, including paid vacation and sick leave, social security benefits, and severance pay. All employees must be registered with the Greek social security system, which provides a pension to those who have contributed for at least 37 years. Expats may be eligible for this pension if they meet certain requirements, or they may be able to receive a private pension plan. The retirement age in Greece is currently 67 years old but may be lowered for those who have contributed to the system for a certain number of years. It is important for both employers and employees to understand these employment terms and conditions to ensure that workers are being treated fairly and in accordance with the law.