The European Commission has denied the rumors that during the recent troika visit to the Ministry of Labor to discuss the development with the insurance funds, EU officers suggested to introduce income-based pensions, similar to the pension system in Australia.
However, the Commission was quick to point out that IMF officers may have expressed “personal opinions”, which were based on the technical know-how adopted in other countries, and are in no way proposals for the Greek government.
According to the rumored proposal, pensions would be variable based on the overall pensioner’s income and would take into consideration real estate assets, age, years of insurance, family status and more. The implementation of such a model in Greece would necessitate a lot of preparation and resources, which are currently unavailable.
