Labor and Social Security Ministry Announces Cuts to New Retirees’ Pensions

Friday, April 7th, 2017
Last Update: 15:51

Greeks who have retired after May 13, 2016 are facing cuts to their pensions, a new circular issued by the Labor and Social Security Ministry on Thursday.

There are some 55,000-60,000 newly retired Greeks that will see cuts averaging 15-20 percent to their pension, according to the circular. In some cases, individuals may be facing cuts as high as 36 percent, the Greek newspaper Kathimerini reported.

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