Piraeus Bank announces new single pension scheme for its employees

Piraeus Bank on Friday announced it will offer a new, single group pension programme to its employees in the framework of a strategic plan to create a single working framework in the group. Under the new programme, to be implemented from January 1, 2019, all employees will have the ability to save a significant lump sum for their retirement.

Christos Megalou, Piraeus Bank CEO, said the bank’s management wants to create a stable working framework for all its employees, based on the principles of responsibility, meritocracy and transparency, creating the conditions of a modern working environment that promotes open communication, efficiency and personal development.

Up to now, Piraeus Bank offered nine group pension programmes covering only 40 pct of employees. Planning of the single pension scheme will be completed by the end of 2018 and will seek to offer the maximum possible benefit to all employees.