ECONOMY

Gov’t aims to protect pensions under 1,000 euros, Katrougalos says

gov-t-aims-to-protect-pensions-under-1-000-euros-katrougalos-says

The government will do all in its power to ensure that social security reform does not affect pensions under 1,000 euros, Labor Minister Giorgos Katrougalos has said.

Speaking after a meeting with Prime Minister Alexis Tsipras at Maximos Mansion on Wednesday the leftist minister said that the SYRIZA-led administration aims to create a social security system that is sustainable but also “a system that will pay pensions that will not be the equivalent of pocket change.”

Greece’s bailout program dictates a 3.5-billion-euro reduction in pension expenditure up to 2018.