Final draft of pension system reform will be ready on Monday

2 January 2016
919 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

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th
GREECE
shares53 views
GREECE
shares53 views

Infectious Disease Committee ‘green light’ re-opening of high schools on February 1st – The measures from January 25th

makis - Jan 22, 2021

The experts of the Committee of the Ministry of Health gave the “green light” on Friday for the opening of…

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines
GREECE
shares40 views
GREECE
shares40 views

EU teleconference Summit: Concerns over Covid-19 mutations and delay in vaccines

makis - Jan 22, 2021

PM Mitsotakis’ proposal for a European vaccination certificate, which would facilitate travel without the need for a coronavirus test for…

Crete is the most popular holiday destination for Brits
GREECE
shares55 views
GREECE
shares55 views

Crete is the most popular holiday destination for Brits

Panos - Jan 21, 2021

Crete is the most popular holiday destination for this year’s tourist season for the Brits, according to online searches made in…

Leave a Comment

Your email address will not be published.