Public sector pensioners to collect 50% pension downpayment

The Deputy Ministry of Finances Christos Staikouras announced that the first down payment for pensioners who retired from the public sector after March 2013 has been made.

The Ministry’s plan to overcome the huge delay provides the payment of 50% of the basic wage (before benefits) that the pensioners received on the 31st of October 2011.

Mr. Staikouras clarified that as of July, the bank accounts of pensioners will be credited with the relevant sum and that “this settlement is beyond the commitments towards our partners and lenders and supports in practice a great part of our fellow citizens”.

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