Government Plans and Pension Contributions

protesters: Thursday general strike, the third in as many months, paralysed transportation across Athens, according to Nine News Australia. The protesters are furious at government plans to lower the maximum pension to 2300 euros from 2700 euros currently and introduce a new minimum guaranteed basic pension of 384 euros. Some 40,000 people took part in a 24-hour strike in the Greek capital as riot officers ducked Molotov cocktails and teargas. Critics say the new system penalises those who dutifully pay their pension contributions over a lifetime of work and will encourage undeclared labour practices. We can no longer get married or have children," said Dina, a 32-year-old shop owner, referring to five years of austerity cuts under Greece successive economic bailouts. The overhaul, a key part of Greece recent $132 billion economic bailout, has sparked a major backlash against embattled leftist Prime Minister Alexis Tsipras."They have massacred my generation. (news.financializer.com). As reported in the news.

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