Greece. The unfairness of the revised pensions setup
The issue of the first 16,000 pensions based on the provisions of the 2016 law introduced by then social security minister Giorgos Katrougalos confirms that all pensioners can expect an average reduction of between 16 and 25 percent, reaching up to 50 percent in some cases. At the same time, the figures reveal that this is an unfair system in actuarial terms, as the biggest cuts have been imposed on the people who as workers had paid the highest social...