Pension reform brings one billion euros worth of new measures

9 January 2016
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The imminent reform in the Greek pension system will be accompanied by a series of measures that aim to save about 1 billion euros, claims an article in the Naftemporikinewspaper. Specifically, the Greek government must include measures that amount to 0.25% of the GDP for 2015 (about 425 million euros) and 1% of the GDP for 2015 (about 1.8 billion euros).

About 200 million euros will come from cuts in supplementary pensions, 223 from the “EKAS” benefit and a further 108 million euros from raising taxes for farmers. By raising insurance contributions by 1%, the government hopes to generate a further 346 million euros.

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