Greece: Parliament adopts pension reform

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21 March 2008 à 14h28

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1 minute

Publication: 21 March 2008 à 14h28

Reading time: 1 minute

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The Greek Parliament adopted, on March 20, with a short majority (151 votes for for 300 MPs) the bill on the pension reform. Very disputed by unions and employees, this reform aims at safeguarding the pension system which, faced with increased population ageing, might be in heavy deficit in 15 years. (Ref. 080231)
Publication

21 March 2008 à 14h28

Reading time

1 minute

Publication: 21 March 2008 à 14h28

Reading time: 1 minute

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The conservative government, reelected in September, put the reform of the highly unprofitable pension system at the heart of its program. The bill mostly aims at uniting several pension funds (from 133 down to 13), to incite people to work beyond legal retirement age (65 for men and 60 for women) and to put a stop to early retirement. In addition, the text plans to increase retirement age in some sectors with special systems.

Series of general strikes. A series of general strikes against the re

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