Final draft of pension system reform will be ready on Monday

2 January 2016
568 Views

The final draft of the critical pension system reform will be submitted to the institutions on Monday and is later expected to be tabled in Parliament in late January.

According to the proposal drafted by Labor Minister Giorgos Katrougalos and presented to PM Alexis Tsipras on Wednesday, there will be reductions in main pensions or supplementary pensions under 170 euros.

The proposal also increases employer insurance contributions by 1% and employee contributions by 0.5%. It is also believed that taxes on banking transactions may be introduced to secure 700 million euros to avoid any cuts in main pensions.

The institutions expect to receive the Greek proposal by the 5th of January, after which point negotiations are set to begin via email and teleconferences. The aim is to reach an agreement on the pension reform when the institutions return to Athens later in January.

You may be interested

Kyriakos Mitsotakis to present the country’s new image in the US
POLITICS
shares51 views
POLITICS
shares51 views

Kyriakos Mitsotakis to present the country’s new image in the US

makis - Sep 20, 2019

Maximos Mansion is systematically preparing for a marathon of contacts of Prime Minister Kyriakos Mitsotakis in the US. The government…

JOKER results: 19/09/2019
GREECE
shares62 views
GREECE
shares62 views

JOKER results: 19/09/2019

Panos - Sep 19, 2019

The winning numbers from the JOKER draw are as follows:

Total, ExxonMobil, Repsol & ELPE in Crete and the Ionian Sea
GREECE
shares44 views
GREECE
shares44 views

Total, ExxonMobil, Repsol & ELPE in Crete and the Ionian Sea

makis - Sep 19, 2019

Four bills ratifying a number of leases for the concession of exploration and exploitation of hydrocarbons in four maritime areas…

Leave a Comment

Your email address will not be published.