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GreekReporter.com Greece Labor and Social Security Ministry Announces Cuts to New Retirees' Pensions

Labor and Social Security Ministry Announces Cuts to New Retirees' Pensions

Greeks who have retired after May 13, 2016 are facing cuts to their pensions, a new circular issued by the Labor and Social Security Ministry on Thursday.
There are some 55,000-60,000 newly retired Greeks that will see cuts averaging 15-20 percent to their pension, according to the circular. In some cases, individuals may be facing cuts as high as 36 percent, the Greek newspaper Kathimerini reported.

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