NEWS

Deputy director of IKA social security fund resigns in protest at gov’t policy

TAGS: Politics

The deputy director of Greece’s biggest social security fund, IKA, has accused the government of sanctioning pension cuts in violation of court rulings by introducing a new calculation method and warns of new cuts ahead under current policy.

In his letter of resignation to Labor Minister Giorgos Katrougalos, Yiannis Doukas said the leftist-left government has performed a “180 degree turn” from the promises it made Greek voters and added that new social security regulations will lead to a “further decline in pensions and in social security rights.”

He said that a new method introduced for calculating pensions “will create massive administrative and operational problems that will come at the expense of the insured,” adding that it aims to legitimize pension cuts that were ruled illegal by the Council of State, the country’s highest administrative court.

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