Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million

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The average pension under the Social Security system stands at €1,372.2 this month, 4.6% higher than in the same month last year. Specifically, there were 6.73 million retirement pensions, more than 2.3 million widow’s and widower’s pensions under the Social Security system, 1.06 million permanent disability pensions, 336,294 orphan’s pensions and 46,895 pensions paid to family members. Thus, of the monthly Social Security contributory pension bill, retirement pensions account for 73.4 per cent of the total, amounting to 10,589.3 million euros. By scheme, the average retirement pension under the General Scheme is €1,732.7 per month, whilst under the Special Scheme for Self-Employed Workers it is €1,061.2. In the Coal Mining Scheme, the average pension is €3,003.9, and €1,738.1 in the Seafarers’ Scheme.