Troika representatives set early retirement in their sights
The troika representatives are going to arrive in Athens demanding that measures be taken in order to restrict early retirement. This will affect about 400,000 employees who will be able to retire before the age of 62, based on current legislation. Certain categories of employees will see their age of retirement increase by 5 to 15 years.
While there are no final decisions made, the following categories are expected to see a later-than-planned retirement.
- Public sector employees who completed 25 years in the public sector in the 2011-2012 period.
- Mothers of minors who earned the entitlement to retire by the end of 2012.
- Employees in the public sector, utilities and banks who were insured before 1982.
- Employees who were insured between 1983 and 1992 and completed 35 years of service by the end of 2012.
- Employees in heavy duty and health-sensitive professions.
- IKA policy holders with 4,500 days of insurance by the end of 2012 under the age of 60 for men and 55 or women.
- Female IKA policy holders with 10,000 days of insurances by the end of 2012.