Considerations for introducing caps and cuts in main pensions

2 March 2016
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The government is considering the possibility of introducing caps and cuts on main pensions over 1,200 euros, however the financial benefit of such a move is not expected to be significant.

According to a report in Ta Nea, the government is considering such caps and cuts in order to save about 600 million euros, however it is unlikely to match that target.

The vast majority of pensioners receive a pension between 700 and 1,000 euros, meaning that such measures will not have the intended effect.

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