A monthly benefit allocated to Greece's low-income pensioners will be cut by 50 percent in 2017, as per a memorandum obligation signed by the current government, a development that comes in the wake of a one-off "holiday benefit" unveiled this month for some 1.6 million pensioners.
By Stelios Papapetros
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A monthly benefit allocated to Greece's low-income pensioners will be cut by 50 percent in 2017, as per a memorandum obligation signed by the current government, a development that comes in the wake of a one-off "holiday benefit" unveiled this month for some 1.6 million pensioners.
The reduction, ahead of a pending elimination of the bonus, known as "EKAS" in its Greek-language acronym, is currently allocated to some 260,000 pensioners in the country.