New social security draft law provides great pension cuts for new pensioners

The new social draft law presented by Labour Minister Giorgos Katrougalos provides a 15% reduction in pensions over 750 euros for new pensioners

According to estimates, for about 40 years fully insured, the replacement rate is set at 60% of pensionable salary, while the new draft law abolishes the previous gross pension calculation.

Opposition parties react on new social security system draft

Labour Minister Giorgos Katrougalos had successive meetings with the political leaders and then with President of the Hellenic Republic Prokopis Pavlopoulos.

The draft bill on social security system will be sent to the institutions in the afternoon via email after Mr. Katrougalos’s meeting with Mr. Pavlopoulos.

Labour Minister to brief President Pavlopoulos on social security reforms

Labour Minister George Katrougalos will brief the President of the Republic Prokopis Pavlopoulos on Monday regarding the social security reforms which are planned ahead of the negotiations with Greece’s lenders.

Mr. Katrougalos will meet with the political leaders in Parliament at 11:00 on Monday, while the meeting with Mr. Pavlopoulos has been scheduled for 18:00.

Labour Minister: a national need not to proceed to further pension cuts

The gοvernment aims to form a just and sustainable social security system without further pension cuts, Labour Minister George Katrougalos said during his meeting with the president of EU Labour Ministers Council Nicolas Schmit on Tuesday.

He stressed that it is not only a national guideline but a national need.

Late-Night Deal Saves Macedonia Crisis Agreement

Embattled Prime Minister Nikola Gruevski and opposition Social Democrats leader Zoran Zaev held marathon talks that went on into the early hours of Friday, finally reaching agreement about the stalled issue of the appointment of interim ministers from the ranks of the opposition who will hold their posts until the April elections.