Pension reform: government still aims for 1 January start despite delay
The labour minister says a legal obstacle holding up the bill should be cleared within days.
Labour Minister Marinos Mousiouttas says the target of putting the pension reform into effect on 1 January 2027 still stands, even though the bill has been delayed. He spoke on a morning radio programme on Friday.
The hold-up stems from a legal obstacle that the ministry is trying to resolve together with the Legal Service. Mousiouttas expects it to be overcome in the coming days, after which the bill would go to the Cabinet and then to parliament.
On early retirement at 63, the reform would cut the actuarial reduction from 12 per cent to 7.5 per cent of the basic pension, for existing pensioners and those who retire over the next five years. Incentives are also planned for people who choose to keep working until 67.
Meanwhile, at the 17th Pension Forum, most of the technical experts who spoke came out in favour of making provident funds compulsory, according to Phileleftheros.
Sources
This article is an original rewrite of facts reported by the outlets below; read the originals for full detail.
