None retiree and generally insured, should feel safe… in view of the new Insurance

According to the prevailing scenario which flows through cycles of the Labor Ministry, the forthcoming agreement between government and institutions will include a “blow” to pensioners per year, starting this year:

In the second half of 2016, cuts will be made for supplementary pensions above EUR 150 (-20 to -25%). 60,000 lump sum which outstanding since September 1, 2013 (-20%) and 290,000 dividends of government pensioners (-32%).

In 2017 all pensioners (those who have retired before the publication of the forthcoming law, as those who will go on pension after) will receive a basic pension the sum of a national pension euro 384- with 20 years of insurance (or 340 euro according to the IMF proposal) plus an analog one.

The national pension will pay the Treasury of State and analogue the Single Social Security Institution. Thus comes the annual “ceiling” in state funding (equal to the product of the national pension 384 euro X 2.7 million pensioners x 12) months and the funds will pay the proportional part of the main pension depending on their income from contributions, recovery their wealth, etc.

In the year 2018 will be recalculated proportional part of all major and also supplementary pensions based on the new replacement rates. If the dispute arising between the level used to till then and the level resulting in new replacement rates exceeds EUR 300 (in the case of the main pension) will cut each euro over three hundred and one euro.