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Tag Archives: pensions

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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Schaeuble blames the Greek government for pension cuts

German Finance Minister Wolfgang Schaeuble insisted that it is successive Greek governments to blame for the pension cuts that have been enforced in Greece and not the international or the European creditors. In an interview to newspaper TA NEA, has insisted in an interview that successive Greek governments were to …

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Court rules new pension cuts in 2019 against Constitution and Human Rights Convention

The Plenary of the State Audit Council has ruled that the cuts to main and supplementary pensions to be implemented in 2019 are against the Constitution and contravene the European Convention of Human Rights. Pension cuts are creditors’ top favorite austerity measure. The pension cuts the government and its creditors …

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