The revised amendment bill on Pillar 1—social security—and pension reform will be submitted to the social partners tomorrow.
The bill includes the three changes agreed upon previously:
- Pension increases will be paid out gradually over three years instead of five.
- The transition period is extended from 5 years to 15 years, with the possibility of an increase in contributions being deferred to a later date.
- Meanwhile, the eligibility requirements for widow’s and disability pensions are being improved.
Today, the Labor Advisory Council discussed the remaining proposals from the coalition partners, but Marinos Mousiouttas did not address whether the 12% penalty would be reduced or whether men who became widowers before 2018 would receive the pension to which they are entitled. These were two key points raised by the unions.
Regarding the issue of dividends raised by employers, the minister said that details are still being worked out.
“It remains to be seen whether there is any room for changes—and to what extent—both on these issues and on others, which I mentioned as being of lesser importance.”
Marinos Mousiouttas
The minister’s goal is for the bill to be submitted to the cabinet as soon as possible and brought before Parliament; he estimates this will happen in less than a month.
Watch the report by Kleio Vourkou: