Flexible ‘penalty’ for retirees?

The New Democracy party, which is poised to win the June 25 election, is planning for a more flexible pension reduction regime for retirees who still want to work, with the aim of legalizing their employment, but also of staffing businesses that are unable to fill job vacancies with experienced employees.

ND officials, as well as their leader Kyriakos Mitsotakis himself, are already leaving such a possibility open, considering that in this way more pensioners will be able to work legally, as a result of which uninsured employment will drop, vacant positions will be filled and the state's revenues will rise. Corresponding pressures are also being exerted by large companies that want to staff critical departments with highly experienced executives who have now retired, especially after the global health crisis and its consequences.

The main scenario already in the desks...