Pensions keep getting smaller

One in three pensioners has to live on less than 500 euros a month at a time when pensions in Greece have been constantly falling, according to the Helios online data system's monthly reports.

The Labor Ministry platform showed that the average income of Greek retirees amounts to 894 euros per month: The average main pension from all social security funds comes to 722 euros a month while the average auxiliary pension amounts to just 171 euros a month. The average dividend from the funds comes to 98 euros.

More than two in three pensioners (66.39 percent) are on less than 1,000 euros a month, and 31.03 percent of pensions do not exceed 500 euros.

In December the number of pensioners fell by 3,311 from November to 2,586,480. Compared to October's 2,592,950, that's a reduction of 6,470 pensioners. Monthly expenditure on pensions decreased by 1.44 million euros from...

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