Gov't submits reform plan that raises contributions and cuts future pensions

EconomyProgramme Tags: Pensions

The government disclosed on Monday afternoon its final proposal for a unified social security system, which was sent to the institutions ahead of the first programme review later this month.

The measures included in the plan would have an impact on all employees and pensioners through a series of changes to social security contributions as well as the composition of retirement pay and replacement rates.

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