Minimum pensions to rise, but not by 125%, minister says

Minimum pensions to rise, but not by 125%, minister says

Labour Minister Marinos Mousiouttas has ruled out proposals to raise pensions by 125% , while stressing that any increases must remain compatible with the sustainability of the Social Insurance Fund and fiscal stability. Speaking to CyBC radio on Friday, Mousiouttas said minimum pensions would be substantially higher than they have been in recent decades but ruled out proposals that would raise them from the current €450 per month to €1,088. “It…