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Tag Archives: pensions

Greece to abolish “solidarity levy”, allow pensions to rise again

Prime Minister Kyriakos Mitsotakis announced on Wednesday that the so-called “solidarity levy,” an extra surcharge tax on incomes, will be abolished from January 2023 and that pensions frozen since 2010 will be allowed to increase again. “It is a double resounding signal that the country’s growth must benefit everyone without …

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Greece dismisses reports it plans to sell off pensions arrears. But…

The Greek government has dismissed a media report saying that it was planning to sell billions of euros of social security contributions owed to its pension fund to private investors. Citing senior government officials, international news agency Reuters reported late on Thursday that “the first batch of up to 12 …

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Council of State: Pensions and contributions of 2016 Law “unconstitutional”

The Council of State has ruled that basic provisions of the 2016 social security legislation – Katrougalos Law – were against the Constitution. The CoS ruling refers to provisions of main and supplementary pensions as well as social security contributions of self-employed. The Council of State has ruled as “unconstitutional” …

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IMF’s Thomsen “suffers from short-time memory loss,” says Tsakalotos

Head of IMF’s Europe department “Poul Thomsen suffers from short-time memory loss,” said Syriza MP and former finance Minister Euclid Tsakalotos. He was commenting on Thomsen’s claims that the Greek government agreed to high primary surpluses targets during the negotiations in the first half of 2015. Greeks accepted the high …

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Mitsotakis & Stournaras agree: Greeks need neo-liberal policies in pensions, health care

Neo-liberal policies will be implemented in the social security and pensions sector, should New Democracy come to power. ND leader Kyriakos Mitsotakis and Bank of Greece governor, Yannis Stournaras, fully agree on that. New Democracy (ND) leader Kyriakos Mitsotakis pledged to abolish the so-called Katrougalos law that cut pensions once …

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30% of Greek pensioners receive less than 500 euros per month

One third of Greek pensioners receives a monthly pension of no more than 500 euros. According to data from the Helios database of the Greek Labor Ministry for August and September 2018, the average monthly pension was 724.18 euros. Supplementary pension was 172.32 euros per month, while dividend paid monthly …

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Court rules scrapping 13th & 14th pension was “illegal”, orders return of €11K

A  first-instance court in Thessaloniki ruled that austerity cuts scrapping the 13th and 14th pensions were illegal and ordered the pension funds involved to return the money. The court ruled that  70-year-old IKA pensioner Odysseas Tsologiannis has to await for a total amount of 11,184 euros. The pensioner had filed …

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Tsakalotos assures investors pensioners over 70 will start dying as of 2020 (video)

Finance Minister Euclid Tsakalotos ‘promised’ investors that Greek pensioners will be dead soon and that they will not have to worry about the sustainability of the pensions system. Addressing the 13th Greek Annual Road Show in London, Tsakalotos argued that pensioners who are over 70 years old now, will have …

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“Greek pensioners’ high ageing rate is reason for main concern,” says EU report

European Commission technocrats must have been in a trolling mood when they wrote the Pensions Adequacy Report 2018. They raise concern about the cuts in pensions and low-pensioners benefits they demanded from Greece to implement in the context of the 3. bailout as “all these provisions are expected to have …

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Pensioners march in downtown Athens protesting new cuts of 18%

Hundreds of pensioners marched in downtown Athens in one more protest against cuts in main and supplementary pensions during the austerity years. The protest was staged as the recalculation of pensions is imminent due to the so-called Katrougalos-Law of 2016. The pensioners from the private and public sector said that …

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Check your pension stamps in Greece with One Click on e-system ATLAS

Those who have worked in Greece and have paid social security contributions for pension, can now check with the new electronic platform of Greece’s e-government how many pension stamps they have collected. The ATLAS application give this possibility to those insured at IKA (employees and part of self-employed), OAEE (self-employed), …

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Outcry as retired MPs retrospectively claim several million euros

Despite the ongoing economic crisis, some Greeks seem to live on another planet. It is mainly the country’s politicians and certain groups of  the public administration who still think that the state is a cow they can milk even if they know that more than one million people are without …

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ELSTAT: Greece’s GDP shrunk by 26% since 2010, public debt surged

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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