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Pensioners

Greek Pensioners Protest Deep Cuts in Pensions, Health Care

Hundreds of pensioners protested in central Athens on Thursday against the new reduction in the pensions and cuts in health benefits. The elderly protesters marched toward the ministry of Health demanding a review of the cuts they say are included...

IMF Sees Fiscal Gap for Greece, Pension Cuts Might Come Sooner

The International Monetary Fund foresees a fiscal gap of 2.3 billion euros in the 2018 budget, which might mean that the pension cuts scheduled for January 1st, 2019 will be implemented earlier. Greek finance ministry sources downplay the IMF forecast...

Greek Pensioners Protest Cuts Outside Council of State Court Hearing

Hundreds of elderly Greeks protested against deep cuts to their pensions outside the country's top administrative court, which was hearing arguments on a motion to rule the 2016 labour bill unconstitutional. Pensioners have seen their benefits cut more than a...

Greeks' Pensions Could Drop to €620 a Month in Four Years Time

Pensions in Greece have decreased substantially over the last few years as the financial crisis has dictated the government's commitments to its foreign lenders as part of the bailout program and according to data from the midterm fiscal plan...

More than 315,000 New Greek Pensioners Waiting for Payment

More than 315,000 pensions -- main and supplementary -- and retirement bonuses are overdue in Greece, according to a Kathimerini newspaper report. New pensions are one year overdue to recipients. The new pension laws, the merger of security funds, the...

Greek Labor Ministry: 1.2 Million Pensioners Live on Less than €500 a Month

The report of the Unified System of Control and Payment of Pensions "ILIOS" made public by the Labor Ministry shows that 1.2 million Greek pensioners live on less than 500 euros per month. The figures date from December 2016...

Lawmakers who Accidentally Received One-off Pension Bonus have Returned it, Says Labor Ministry

Greek Lawmakers who accidentally received a one-off pension bonus last December returned it to the unified national insurance body EFKA, the Labor ministry said on Tuesday. The bonus was intended for pensioners earning less than 800 a month but it...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period between 2010 and 2016. The study showed that in Greece annual households disposable income decreased by...

Pensioners Present Fears Over Further Pension Cuts in Meeting With PM

Pensioners are not convinced by the prime minister's assurances that there will be no further cuts to pensions, the head of the Coordinating Committee for Pensioner Associations and IKA Federation Dimos Koubouris said on Friday, after a meeting between...

What Most Greeks Realistically Wish for 2017

Usually the coming of the New Year is a time of optimism, a time of wishes and resolutions, a time to get rid of the old and start anew. Yet, for most Greeks 2017 looks like a year that shouldn't...