Labour Minister Katrougalos: Pensions are not at risk

Pensions are not at risk, reassured Labour Minister George Katrougalos underlining that horizontal cuts in pensions, as it happened with the former governments, were not imposed.

Speaking to public broadcaster ERT on Tuesday, Katrougalos noted that the ministry sent a memo to those pensioners that suffered cuts in their supplementary pensions in order to inform them on the real amount witheld. The social security reform was based on a totally new system with equality for all, he said and underlined that the insurance reform was the best possible.

Moreover, he said that his priority is tackling black and undeclared work while referring to the negotiation on labour issues he said that Athens has set as condition the return of collective contracts.

On the financing of the lowest guaranteed income, Katrougalos said that the government insists that it is not linked with tax-free reduction.