Pensions snapshot: Greece

Pensions snapshot: Greece
In EPN European Pensions & Investment News, N° 191, (Jan. 2006).
Cevik, Reeta. 2006. 24 p.
"Pension reform continues to be a contentious issue in Greek politics. Last week, the International Monetary Fund (IMF) warned Greece that urgent reform is needed to ensure the long-term viability of the country's pension system. "Considerations of possible reforms, which should draw on the experiences of other European countries, but also be sensitive to the situation in Greece, should begin as soon as possible," the IMF argues. "Since pension reforms typically take some time to become fully effective, owing for example to necessary grandfathering provisions, early action will help to avoid more painful choices down the road." The Greek system is relatively generous when measured against local salaries. With a population of 10.6m, Greece..." (Source: European Pensions & Investment News)
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old age risk, political aspect, pension scheme.
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