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> Economy

The 15 year pension scheme for young people up to 40 years old was just a dream…

15 becomes 20

Newsroom November 23 06:32

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A 5year increase to the minimum insurance period of young people aged 30-40 years in order to o obtain the minimum pension.

Minister of Labour believes that there is room for reaching an agreement that will ensure both economic Funds (which are targeted by Troika in relation to the financial gap) and mature rights of the insured.
Increasing the minimum insurance period from 4500 days to 6000 days among the measures enhancing the return of contributions and benefits (as the minimum pension incorporates a large proportion of welfare provision and a strong incentive for uninsured work). And asked to respect the younger, so as to avoid creating bottlenecks due to the high unemployment in older workers.

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