NEWS

Mature pension rights will not be affected, say Labour ministry sources

Mature pension rights will not be affected, say Labour ministry sources

Pension rights which have been secured by 30/6 will not be affected by the new agreement between the government and Greece’s lenders and this is something which the institutions have accepted, Labour ministry sources said on Monday after a meeting of its leadership with the representatives of the four institutions (the European Commission, ECB, IMF and ESM).

The same sources said that specific proposals will be submitted on social security reforms by October, as it was agreed in the Euro summit and on labour reforms by the end of the year. Asked on whether the representatives of the institutions accept the specific timetable, a senior ministry official said the issue is open for negotiation.

The sources also said the ministry’s intention is to announce every step in the negotiations on labour reforms so that social partners and citizens can be informed. They also added that the ministry has come up with a roadmap in which international organizations are involved to propose the best practices.