Chapter 8: Greece: perpetual struggle against the sovereignty of public pension regimes
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The regulation of pensions constitutes a key policy challenge in the context of the economic crisis that affected Greece during the 2010s, leading successive governments to seek financial support from major lending international partners through the Economic Adjustment Programmes. But attention was only paid to the reform of public pensions (both main and supplementary benefits), leaving no ground for the development of supplementary pensions. The ideological and political sovereignty of public pensions continues to form the main principle of designing policies to address old age and other risks in Greece. Although public pensions still place a heavy burden on Greece's public finances, a negligible proportion of the labour market is affiliated to second pillar pension schemes. In this challenging context, this chapter discusses the development of supplementary pensions in the light of national and EU initiatives, describes the complex framework of state and occupational pension policies and highlights the role of key players in the long-awaited reform process of the rudimentary supplementary pension regime.

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