Gov’t will abide by any court ruling on pension cuts, says general secretary

If the Council of State rules that cuts to basic and supplementary pensions made in August 2012 were unconstitutional, the current coalition will abide by the decision even though this could mean having to find another 1.5 billion euros a year to pay retirees, General Secretary for Social Security Giorgos Romanias said on Saturday.

Speaking on Mega TV, Romanias said that the government would discuss with pension funds ways to spread the fiscal impact over time if the court rules that pensions have to be restored retroactively and not just from the day the verdict is issued.

Greece’s highest administrative court is expected to arrive at its decision by the end of May.

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