The reduction of main survivors’ pensions from 70% to 35% after three years, introduced under the former SYRIZA government’s Katrougalos law in 2016, has been abolished. Beneficiaries will see their pensions restored to 70% as of the end of August. [InTime News]
Approximately 8,500 survivors’ pensions that were reduced under legislation a decade ago are set to increase from the end of August, following the recent ratification of a Labor Ministry bill.
Under the initiative, the reduction of main survivors’ pensions from 70% to 35% after three years, introduced under the SYRIZA government’s Katrougalos law in 2016, is being abolished.
The 8,500 or so surviving-spouse beneficiaries will see the main survivors’ pension they receive double, with the increased amount to be paid for life under the new rules.
The total net fiscal cost of restoring the pensions is estimated at around €4 million per month, corresponding to an average monthly increase of approximately €470 per beneficiary.
