10.23.5.20 Totalising to Qualify for a Greek Benefit
Totalising for a Greek benefit
Article 13 of the Agreement covers totalisation in order to qualify for a Greek benefit.
Entitlement to a Greek benefit is subject to a person having a minimum period of insurance coverage.
People who do not have the minimum periods of insurance can add periods of residence in Australia to the Greek periods of insurance to meet the minimum requirement.
- For IKA-ETAM pensions only a period of Australian residence at age 16 or older will be included for totalisation purposes.
- For OGA pensions, only periods of Australian residence at age 21 or older will be included for totalisation purposes.
For the purposes of Article 13, the formula for converting residence periods to insurance periods shall be as follows:
- one month of residence in Australia is equivalent to 25 days of insurance in Greece, and
- one year of residence in Australia is equivalent to 300 days of insurance.
Note: In order to use the Agreement to totalise for a Greek benefit, a person must have a period (or periods) of insurance that total at least one year.
Act reference: SS(IntAgree)Act Schedule 22 Hellenic Republic