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Τετάρτη, 21 Δεκεμβρίου 2016 20:11

Μonthly bonus for low-income pensioners to see 50% cut in 2017

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
[email protected]

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.