More Greek reforms needed to alter 'generous' pensions - OECD

By Julie Henderson2009-08-03T15:00:00

GREECE – The Greek government needs to consider yet more reforms to its pensions regime, including a major overall of actuarial calculations used as current projections suggest its public pension payments will account for 24% of GDP in 40 years’ time, suggested a report produced by The Organisation for Economic Cooperation and Development.