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GREECE: Basic Pension Introduced

On July 8, 2010, the Greek Parliament approved a basic pension. It is fixed at €360 per month in 2010 prices, paid 12 times a year, will be available with no means test to all those who lived in the country for 35 years between the ages of 15 and 65. It will be pro-rated for those who have lived in the country for less than that time, and available on a means-tested basis for others. The new program, of course, falls short of full universality, but this move could be a step toward a universal basic pension. An article on the creation of a basic pension in Greece will be published in the April 2011 issue of Basic Income Studies. Entitled, “Pathways to a Universal Basic Pension in Greece.” It is written by Manos Matsaganis and Chrysa Leventi, both of the Athens University of Economics and Business.

About Yannick Vanderborght

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The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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