BUSINESS

Pensions under 1,000 euros will also be cut in 2019, says minister

TAGS: Economy, Politics

The planned pension cuts for people who have already retired and which will be implemented as of January 2019 will also affect pensions under 1,000 euros, Deputy Minister for Social Security Tasos Petropoulos admitted on Sunday.

“In October we will see the exact cuts in pensions […] and will improve them,” he told broadcaster Skai. “We have seven months ahead.”

Petropoulos said the 18 percent cut in pensions includes benefits, and estimated that about 25-30 percent of pensioners will be affected by the new reductions. 

He also pledged to pay all pending main pensions by August, “except in some particular cases.”

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