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Parliamentary questions
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15 October 2018
E-002220/2018(ASW)
Answer given by Mr Moscovici on behalf of the European Commission
Question reference: E-002220/2018

Following the resubmission of the question by the Honourable Member, the Commission requested clarification to the Greek authorities. According to the information received, no illegal action has been taken with respect to the application of Law 4387/2016.

The post programme pension reform (Law 4472/2017) accelerates the correction of intra‐ and inter-generational imbalances of the 2016 reform (Law 4387/2016) by providing for an immediate recalibration of ‘negative personal differences’ of both main and supplementary pensions in 2019 with an aim to generate a fiscal yield of 1% of gross domestic product annually over 2019-2022.

In this context, the recalibration of supplementary pensions in 2019 is a commitment of the Greek authorities and has already been legislated.

Following the agreement reached by the June 2018 Eurogroup, policy commitments and the objectives of key reforms already undertaken within the European Stability Mechanism programme will be monitored under Enhanced Surveillance and within the framework of the European Semester, into which Greece has been integrated following the successful end of the programme on 20 August 2018.

Last updated: 15 October 2018Legal notice