Court verdict on 2016 pension reform seen having fiscal impact

Economy Tags: Budget, Justice, Pensions
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Rulings from the Council of State just published deem parts of the 2016 pension reform, known as the Katrougalos law, unconstitutional and mean the new government will have to redesign parts of the social security system and incur a reported annual fiscal of around 300 million euros.

The directives of the law passed by the previous SYRIZA government that were deemed unconstitutional include the formula for calculating self-employed contributions, the ceiling of 1,300 euros on auxiliary pensions, and the calculation of auxiliary pens...

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