Sudden Death For Greek Widows’ Pensions: New Criteria, Cuts To Push 1000s More Into Poverty

zerohedge.com / by Tyler Durden / Apr 26, 2017

The implementation of the Greek pension reform of 2016, will lead to the sudden death of incomes for widows, and as KeepTalkingGreece reports, will push a large portion of population further into poverty. Widows’ pensions will be cut down to 50% of the deceased’s pension and new more restrictive age-based criteria will go into effect this month.

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According to so-called Katrougalos Law, a widow is entitled to receive a pension for the rest of her life, if she was at least 55 years old at the time of the spouse’s death.

• If the surviving spouse was below this age limit, the pension is given initially for three years. Then it is interrupted and is granted again after the surviving spouse reaches the age of 67.
• If the age of 55 in not completed within three years, the pension is cut and never granted again.

The state keeps in its pockets all the pension contribution paid by the deceased.

Exemptions are for widows with underage children until they reach 18th year of age and students until they reach the 14th year of age. Widows receive the pension independently of their age until the children/students reach the age limit.

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