More changes to pension sys­tem ahead

Kathimerini English - - Front Page - ROULA SALOUROU

The govern­ment in brac­ing for the sec­ond round of re­forms to the so­cial se­cu­rity sys­tem and la­bor laws ahead of the sec­ond bailout re­view start­ing in Septem­ber, wary of the re­ac­tions they may gen­er­ate.

The new changes to the pension sys­tem stem­ming from the com­pli­ance re­port of the Euro­pean Com­mis­sion and the amend­ments to the bailout agree­ment, will mean that about 1.5 mil­lion work­ers face the prospect of an­other in­crease to their so­cial se­cu­rity con­tri­bu­tions and to the re­tire­ment age.

In Septem­ber the govern­ment will need to ful­fill three ac­tions re­lated to the sin­gle sys­tem of con­tri­bu­tions so as to com­plete its com­mit­ments in the bailout agree­ment. For ex­am­ple, the govern­ment will have to abol­ish the lower con­tri­bu­tions paid by own­ers of tourism ac­com­mo­da­tion in ar­eas with fewer than 2,000 res­i­dents, a move that will af­fect more than 50,000 pro­fes­sion­als.

An­other change re­gards the abo­li­tion of all ex­cep­tions al­low­ing the pay­ment of lower con­tri­bu­tions for health­care, and a third con­cerns the higher cost of the buy­out of some work­able years for the com­ple­tion of 40 years of ser­vice at the age of 62, which will af­fect over half a mil­lion work­ers.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.