Greek Pension System at Risk: 75% of Greek Pensioners Enjoy Early Retirement

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Three out of four public sector and Social Security Fund (IKA) pensioners in Greece are opting for early retirement. This situation has caused the country’s pension system to become unsustainable, Greek Reporter has learnt.

On Wednesday, Greek Labor Minister Yiannis Vroutsis presented data to the parliament, explaining that almost 75% of Greek pensioners are trying to secure their early retirement through legal provisions that allow them to stop working before the age of 61.

“In the public sector, 7.91% of pensioners retire between the ages of 26 and 50, 23.64% between 51 and 55, and 43.53% between 56 and 61. In IKA, 4.44% of pensioners retire between the ages of 26 and 50, 12.83% retire between 51 and 55, and 58.61% retire between 56 and 61. Meanwhile, in the so-called healthy funds, 91.6% of people retire before the national retirement age limit,” Vroutsis said.



In regards to the minimum work years required for retirement, the Labor Minister said:

“For people who have had 15 years of insurance or less, there will be no pensions, with specific exceptions, which will not be touched. Nothing has changed. For people with 15 to 20 years of insurance, our plan involves actuarial justice in order to support the system. We will ensure that people who retire after 15 to 20 years of work will receive a contributory pension and those who have worked 20 years or more will receive the normal pension according to the legislation. However, this plan will be implemented for people who will retire in 2040 or later.”


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THE GREEK HERACLES WAS A BLACK MAN AND THE AFRICAN INFLUENCE ON GREEK AESTHETICS

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By Samuel David Ewing It has occurred to me lately as I pondered about the next article for this section that the lineage, pedigree, or family tree of the Greek Heracles must be clarified once and for all. Diodorus Siculus and Herodotus recorded that it was the Egyptian Heracles who was the hero who performed the legendary 12 Labors, subdued the animals of the wild that had threatened the people, ushered in the building of cities, water systems, fortifications, and laws. Walter Burkert has estimated that this original Heracles was renowned as far back as 20,000 years ago. The Greek Heracles ended up receiving honors for the accomplishments of his predecessor, having the title of "Heracles", furthermore by the Bronze Age of Greece in which the Greek Heracles was said to have lived the taming of the wilderness had already been accomplished. The Greek Heracles was not likely to be wearing lion skin armor, wielding a club, with spear as weapons, and the danger of lions ru
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Griechenland: 2,5 MRD Euro Stromschulden – Versorger schaltet bald erste 50.000 Kunden ab!

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In Griechenland wird der staatliche Stromversorger in Kürze damit beginnen in einem ersten Schritt 50.000 Stromkunden den Saft abzudrehen. Die Außenstände belaufen sich insg. auf 2,5 Milliarden Euro. Betroffen werden vor allem Firmenkunden sein. Eine Katastrophe für die (vorhandene?) Konjunkturerholung. Es gibt einen handfesten Grund, warum die Höhe der Stromrechnungen in den letzten Jahren explodierte… Griechenlands staatlicher Stromversorger PPC hat Außenstände bei Stromkunden von insg. 2,5 Milliarden Euro, 1,8 Milliarden davon bei gewerblichen Kunden. Schulden haben insg. 2,1 Mio Stromkunden in Griechenland. Wenn man das umlegt auf die Gesamtsumme, wären das rein rechnerisch 1.190 Euro Schulden pro Stromkunde, aber bei 1,8 von 2,5 Milliarden Schulden durch gewerbliche Kunden dürften die Privatkunden natürlich deutlich kleinere Summen offen haben. In einem ersten Schritt will PPC demnächst 50.000 Stromkunden den Saft abdrehen nach vorheriger Mahnung, so berichtete es vor Kur
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Griechenland: Sozialkassen schaffen parallele Staatsverschuldung

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FMW-Redatkion Die Sozialkassen in Griechenland schaffen derzeit eine Art parallele Staatsverschuldung. Da die annehmen, dass ihre Löcher aus den jetzt fließenden 86 Milliarden Euro vom 3. Hilfspaket nicht gestopft werden, haben sie angefangen in Eigenregie Kredite aufzunehmen. Da sie Rentenfonds, Krankenkassen etc staatliche Einrichtungen sind, erhöht sich damit per Saldo die Staatsschuldenlast Griechenlands noch weiter, auch wenn der Staat Griechenland kaum darum bemüht sein dürfte diese Extra-Schulden in seine eigenen Schulden einzurechnen. Aber Schulden sind Schulden. Wie die angesehene griechische Zeitung „Ekathimerini“ berichtet, hat das „Social Insurance Institute“ im August ein kurzfristiges Darlehen (wird wohl eine Dauerumschuldung) über 110 Mio Euro aufgenommen. 70 Mio davon gab man an seinen öffentlichen Versicherungsfonds weiter, 40 Mio davon an seinen kommunalen Versicherungsfonds. Auch schieben das „Social Insurance Institute“ und der „Generational Solidarity
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