New round of cuts in supplementary pensions

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New round of cuts in supplementary pensions

Economy 02/09/2016 - 12:09 Tags: Pensions

The Unified Auxiliary Insurance Fund (ETEA) confirmed on Wednesday that 230-240,000 supplementary pensions, around 20 percent of the total number of 1.24 million, will be downward adjusted.

ETEA said that the first group involved pensioners of eleven auxiliary funds that have been consolidated into ETEA during 2012-2013. From a total of 311,680 pensions of those funds, 66,900 (21 percent) were trimmed in August.

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