Considerations for introducing caps and cuts in main pensions

2 March 2016
780 Views

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.

You may be interested

All retail stores to open on Monday in Greece
GREECE
shares43 views
GREECE
shares43 views

All retail stores to open on Monday in Greece

makis - Jan 15, 2021

The Expert infectious disease team has proposed opening retail stores nationwide from Monday via the ‘click in shop’ method, while…

Hellenic Air Force: How low can you go?
DEFENCE
shares55 views
DEFENCE
shares55 views

Hellenic Air Force: How low can you go?

Panos - Jan 15, 2021

In the last few days a video from an Helenic Air Force Base has gone viral. It demonstrates the level…

How Fast Is 5G? (infographic)
GREECE
shares55 views
GREECE
shares55 views

How Fast Is 5G? (infographic)

Panos - Jan 15, 2021

As Apple is getting ready to ship the new iPhone 12 this week, much has been written about the new iPhones’ standout feature: 5G.…

Leave a Comment

Your email address will not be published.