Greece: minimum pension lowered to 392.7 from 486 euros

The cuts will come into effect as of the 1st of January 2015

17 August, 18:30

    (ANSAmed) - ATHENS, AUGUST 17 - As of January 1st 2015, the minimum pension paid out in Greece has been reduced from the current 486 euros to 392.7 euros per month, as To Vima online reports quoting a circular issued by the Deputy Minister of Social Security Pavlos Haikalis. The circular effectively activates a legal provision that passed through Parliament in 2010 and is one of many changes to the country's ailing pension system that will gradually be implemented, following the approval of the third bailout in Greek Parliament.(ANSAmed).

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