Pensions

Greece's creditors ask for the "freezing" of pensions for an additional year -- until 2022 instead of 2021 -- as a prerequisite to close the second review of the bailout program. This new requirement comes as a result of the...

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...

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...

The Parliamentary Scientific Committee in its new report that accompanies the new omnibus bill expressed concern over the constitutionality of the provisions of Law 4387/2016 that calls for new cuts to pensions and special salaries. According to Professor and former...

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review. Specifically, the lowering of the tax-free threshold...

The omnibus bill on the changes in pensions, measures for the fiscal target and reforms along with measures for the social support and labour changes, the mid-term fiscal strategy framework for 2018-2021 and other provision was tabled in parliament...

The Greek government on Tuesday agreed with international creditors on new austerity measures in order to close the second review of the bailout program, which also paves the way for talks on debt easing. According to sources close to the...

As the institutions suggest more pension cuts for Greeks in order to cut back on government spending, the chief of the European Commission, Jean-Claude Juncker has spoken out against such an idea, calling for a real debt relief plan...

A draft of the fourth Memorandum of Understanding between Greece and international creditors which includes unpopular austerity measures is at the Ministry of Finance. The new agreement that Athens has to sign in order to close the second evaluation of...

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...