NBG loses stop order for supplementary pensions of former employees

The Council of State (CoS) approved on Monday the payout of supplementary pensions for the first seven months of 2019 of retired National Bank of Greece (NBG) staff, rejecting an injunction filed by the bank.

The bank had filed for a temporary stop order against the Ministry of Labor and the unified fund handling supplementary pensions and one-off payments (ETEAEP). NBG and ETEAEP both contribute to the supplementary pension.

Ruling against the bank under a fast-track procedure, the country’s highest administrative court said the payments should go ahead.