NEWS

Outgoing head of IKA discusses fund’s ‘prospects’ with president

As fears grow about the sustainability of Greece’s crippled pension system, President Prokopis Pavlopoulos met on Saturday with the outgoing head of the country’s main social security fund, IKA, Rovertos Spyropoulos.

The two men discussed IKA’s “prospects,” the president’s office said.

The governor, who cited personal reasons for resigning earlier this month, has pointed to cases of graft. The fund has also been hit by large deficits and dwindling social security contributions. Greece’s creditors have stressed the need for an overhaul of the country’s pension system but also want cuts, which the government rejects. Spyropoulos is to be replaced in July by Yiannis Theonas, an economist and ex-Communist Party MEP.