With major changes expected to affect the country’s pension system, about 150,000 – of whom 60,000 are civil servants – have submitted the necessary forms for retirement. According to a report in Ta Nea, this major wave of retirement applications is expected to have a major blow on the pension funds.
In the negotiations between Greece and its partners, the creditors have demanded that the age of retirement, for those eligible since 2012, be increased immediately, to 67 for a full pension and 62 for a reduced pension.
The Greek side on the other hand proposes a more gradual increase of the age of retirement, which will come into effect in 2016 and conclude in 2025.
