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Impact Investing

IPE special report May 2018

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Greek strike

Greek bank employees last month carried out a two day strike in support of consolidation of the industry’s pension fund system, amidst fears that future pensions could be in jeopardy.
Dimitris Tsoukalas, vice president and international relations secretary of the Athens based Greek Federation of Bank Employees, comments: “ We want to produce a single fund for all bank employees, in a sector which at the moment is in pieces.”
“ The issue is open now and in about two or three weeks we may have a solution such as a unified fund of bank employees. “ The business is not going very well and there are fears that in a few years the money will not be there to pay for the pensions.”
At present in the Greek banking
sector there are six funds for main pension contributions and more
than 15 funds for supplementary
pensions.

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