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Public sector retirement reforms start

16 November 2009 / 13:11:55  GRReporter
2344 reads

The government will equalize the retirement age differences between men and women and will fine all public employees, who retire earlier, with lower pensions.

The four measures, which will affect public employees are as follows:

  1. Gradual increase of woman retirement age of up to 15 years, which will start from 2013. The increase will affect women, which are insured after 1983 and their retirement age will be equalized with the one of men.
  2. Changes in pension calculation
  3. 6% fine off the monthly pension for all, who retire earlier.
  4. Mandatory retirement in the public sector will be changed - when employees make 60 years old and have 35 years apprenticeship, they will be allowed to work for another three years.

This reform of women retiring at age 65 will affect about 150 000 women. Among them, are mainly mothers of more than three underage children, who have started working between January 1, 1983 and December 31, 1992.

Retirement age of mothers of underage children, will increase with 10 to 15 years. Mothers with three children, who have been insured after 1983, will be affected the most – 15 year retirement age increase. Also, mothers of three, who have been insured after 1993, will work additional six years. Syndicate members announced that the reforms will cause a war. The application of the planned reforms will start from 2013. 

Tags: Retirement in Greece Retirement reforms
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