250,000 Pension Applications are Frozen in Greece
The list of retired employees who have applied for pension is getting bigger each day reaching 250,000 applications, while the waiting period may reach up to five years for supplementary pensions. Applications are frozen because pension legislation is pending, while...
Greece Spends More on Pensions Than Most Countries
Greece comes second on pension spending, according to an Organization for Economic Co-operation and Development (OECD) report. Greek pensioners, however, may have to wait up to three years until they get the first full pension check. The countries spending...
More Austerity Coming, More Pension Slashes
Breaking another vow, Prime Minister Antonis Samaras' coalition government is going ahead with more cuts to already-devastated pensions and will slash auxiliary and main benefits to satisfy international lenders. For months, Samaras has said he would not impose any more...