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.