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Cabinet slashes pensions for community leaders

By Stefanos Evripidou 17/05/13
THE GOVERNMENT yesterday decided to subsidise rent increases for businesses operating in government industrial estates while decreasing pension allowances for ex-community leaders. Speaking from the Presidential Palace, deputy government spokesman Victoras Papadopoulos announced a series of measures adopted by cabinet yesterday, starting with a 10 per cent reduction in pension allowances of former community leaders. “The reduction is part of efforts to consolidate public finances and due to the fact that community heads are otherwise employed and their retirement is covered by other pension plans such as, for example, the social insurance fund, and others,” said Papadopoulos... 5 comments
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