NEWS

Parliament pensions come to 19 mln euros a year

parliament-pensions-come-to-19-mln-euros-a-year

More than 19 million euros a year is spent on the pensions of former MPs, according to information supplied to Parliament on Friday by Alternate Finance Minister Giorgos Houliarakis.

The state pays a total of 19.1 million euros a year to 753 former lawmakers or their surviving relatives.

Houliarakis also noted that some of the recipients claim other pensions too but did not specify to how many of the retirees this applies.

A decision was reached in November 2012 to stop giving new pensions to MPs for serving in Parliament.

Houliarakis said that as the result of a number of interventions since 2010, the amount paid out each year in lawmakers’ pensions has been reduced by 51 percent.