Labor Ministry

Mitsotakis heading to Davos on Wednesday after vote on new president

Greek Premier Kyriakos Mitsotakis will depart for Switzerland on Wednesday evening to attend the 2020 World Economic Forum at Davos-Klosters, his office said Tuesday.

On Wednesday morning, he will attend the plenary session vote for the election of Greece's new president at 10.30 a.m., then at noon he will meet with the Labor Ministry's leadership at his Maximos Mansion office.

Major shifts in the pipeline for pension calculation methods

Over 4 million workers and pensioners insured with the country's main and auxiliary social security funds (EFKA and ETEAEP) can expect to see changes and shifts in their pensions and incomes judging by the blueprint the Labor Ministry is expected to send to the General Secretariat of the government on Wednesday, before heading to Parliament.

Inadequate incentives

The Labor Ministry's pilot program titled "Greece Again" and described at its launch as an "emblematic initiative" hopes to convince some 500 highly qualified Greek professionals aged 28-40 who are currently working abroad to come back home. How? By promising a minimum gross salary of 3,000 euros a month.

Hundreds of thousands of pensioners are in for raises

The Labor Ministry is set to fully overhaul the country's pension system next month, as the social security reforms it is promoting will increase some 450,000 main and auxiliary pensions. The final number of recipients and the size of the hikes will be determined by the necessary study for the ministry by the National Actuarial Authority.

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