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Greek pensions: The thorniest issue in talks between Athens and lenders
EconomyProgrammein March. Of these 2.9 million relate to main pensions and 1.64 million to supplementary pensions. Out of the total monthly expense of 2.35 billion, the bulk (more than 88 percent) involves main pensions... pensions. This means the average main pension is 713 euros, while the supplementary one reaches 169
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgramme) Increase in the contribution for main pension by 3.9 percentage points (pp) on gross salaries... in the health care contribution for pensioners for their main pension by 1pp from 4 to 5 percent... for main pensions, with revenues expected at 240 million in 2016. Our understanding is that this measure
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Greek ministers prepare Israel visits in bid to further relations
PoliticsForeign Policyfollow, according to diplomatic sources. The main purpose of these two successive visits... have emerged so far. Preparation for the summit was one of the main issues Kotzias discussed with his... is undoubtedly one of Athens' main interests. The cooperation between Cyprus and Israel in this field
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammepercent (from 4 percent) for main pensions and to 6 percent (from zero) for supplementary pensions. As of January 1, 2016 the state’s guaranteed social security contributions (SSC) to main pension funds are retained (in nominal terms) to 2015 levels until 2021. As of July 1, all SSC for main pension
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Greece and creditors try to untangle pension complications
EconomyProgrammefor pensioners have increased to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero... 1, 2015. 3) As of January 1, 2016 the state’s guaranteed social security contributions to main... contributions for main pension funds are harmonised with those currently in effect for the Social Insurance
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Tsipras raises debt relief at UN but refugee crisis may prove more pressing issue
PoliticsForeign Policythe next 15 years were discussed. The main theme in Tsipras’s speech was that debt relief needs... by the problem, which started escalating at a time that the government’s main focus was on negotiations... further but could also create a new set of challenges in the main cities. Hundreds of migrants
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Athens seeks enhanced regional role via international religious conference
PoliticsGreek Politicsto Tuesday, has two main aims. The first aim lies with Athens’s desire to show that it can play... the main point of entry for refugees and migrants seeking to reach Central and Northern Europe.... That conference had a more political character and one of the main topics of discussion was the dangers
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammesecured by the increase in the health care contributions for pensioners from 4 to 6 percent for main... consolidation of main pension funds, average cut in supplementary pensions by 6 percent due... to be prepared. This includes a different calculation of both main and supplementary pensions based
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Coalition considers options for addressing pension system sustainability
EconomyProgrammedeficit of the main and supplementary pension funds exceeds 2.4 and 1.3 billion euros respectively... main pension funds, while the Agricultural Insurance Organisation (OGA) and the Seamen’s Retirement... the incorporation of supplementary funds into main pensions with the aim to secure a higher total pension
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Pension overhaul poses political challenge despite avoiding immediate cuts
PoliticsGreek Politicsto the retirement pay of those already collecting pensions. According to the coalition’s plan, main... the proposed measures, his main concern will be the reaction of his own MPs. With just a three-seat... the proposals a “rescue plan” for the ailing pension system, focussed on the fact that main pensions would
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