Government considers favorable pension system reforms for farmers
With the farmers escalating their strike actions and appearing steadfast, the government is preparing a series of proposals in…
With the farmers escalating their strike actions and appearing steadfast, the government is preparing a series of proposals in relation to the pension system reform, provided the farmers enter talks.
According to a report in Ta Nea, amongst the government proposals are to gradually introduce the 20% rate on income that goes towards their main pensions. The initial plan provides that this will gradually come into effect by 2019, however the government may extend this to 2020 or 2021.
Additional proposals being debate are for the pension insurance fund OGA to maintain autonomy, as well farmers having the option to choose the lowest rate regarding insurance contributions. This will mean that they will receive lower pensions and essentially “personalizes” pensions.