Coalition considers options for addressing pension system sustainability

EconomyProgramme Tags: Pensions
Photo by MacroPolis
Photo by MacroPolis

Labour Minister Giorgos Katrougalos outlined to SYRIZA’s political secretariat on Tuesday of the government’s social policy council’s proposal on pension reforms.

The council is due to convene on Wednesday. Katrougalos revealed that pension funds are facing a direct cash deficit of 1.8 percent of GDP, with the two largest funds’ – Social Security Institute (IKA) and Insurance Organisation for the Self-Employed (O...

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