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Pensions
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammeThe government tabled in Parliament on Friday evening the bill containing the pension and income tax reforms it had put to public consultation a few days earlier.
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammeOne of the main interventions that the reform bill introduces is that all main pension funds are consolidated into the new National Security Body with a unified methodology applied for the calculation of social security contributions as of 2017, as well as for granting pensions as of 2016.
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammeTwo separate draft documents for the conclusion of the ongoing review were published over the weekend in the Greek media that demonstrate broad convergence in the overall conditionality between the eurozone institutions and the International Monetary Fund on the key policy measures and actions.
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeFollowing Thursday’s meeting between Labour Minister Giorgos Katrougalos and mission chiefs, the former appeared optimistic that an agreement on pension reform could be clinched by Saturday.
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeFollowing meetings between the Greek finance and labour ministers with the mission chiefs on Wednesday, it appears that most key issues remain unresolved, while notable gaps still exist between the two sides.
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeDiscussions between the mission chiefs and Greek authorities on pension reform and tax measures continued over the weekend but still left significant gaps on both fronts.
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammeThe Eurogroup Working Group held on Monday failed to narrow the differences on the fiscal gap foreseen by the Greek authorities, the European institutions and the IMF.
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammeConfirming initial indications, farmers appear disappointed and reluctant to accept the government proposal presented by the Prime Minister Alexis Tsipras on Monday.
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Gov't proposes easing impact of pension reforms on self-employed for three years
EconomyIn an effort to calm the strong objections raised by the self-employed (doctors, engineers and lawyers), who are insured in the United Fund of Independent Employees (ETAA), Labour Minister Giorgos Katrougalos presented on Monday a new proposal for a 3-year transition period to soften the impact of the pension reforms he has put forward.
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyEmployees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).