Changes to pensions, social security to come into effect

A series of reforms voted through over recent months are to come into effect this year, cutting the pensions of new retirees and securing small increases for others, while 1.4 million pensioners are to see their monthly payments unchanged.

A vote in Parliament in December averted planned cuts to pensions that had been due to come into effect this month. But other measures introduced by the leftist-led government, including the recalculation of pensions under the so-called Katrougalos law and changes to the social security contributions paid by self-employed professionals, are to have an impact over the coming months.

While 620,000 Greeks are to enjoy increases in their pensions, new retirees are to see the payments they expected to receive reduced by more than 20 percent.

Meanwhile a total of 1.5 million unsalaried workers are to experience changes in their social...

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