Labour Ministry publishes latest pension breakdown

EconomyMacroeconomy Tags: Pensions

The Labour Ministry's bulletin of the Computer Centre for Social Security Services (IDIKA) published on Sunday for the first time since the summer of 2015. The bulletin showed that a total of 4.55 million pensions were paid in December 2016, totalling 2.34 billion euros. This means that the annual pension cost for social security funds stands at 28.11 billion, or 16 percent of GDP.

The IDIKA monitors monthly payments to pensioners and provides useful information for pension costs in Greece.

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