Greece Locates 200,000 False Pension Payments, Kathimerini Says

Greece’s pension funds can save as much as 800 million euros ($1.1 billion) a year from cutting false pension payments, Kathimerini said, citing Labor Minister George Koutroumanis.

The ministry found that at least 200,000 pensions were being paid to people who weren’t entitled to them, the Athens- based newspaper reported, citing Koutroumanis.

Some of the false claims are redirected pension payments of deceased Greeks or people residing outside of Greece, the newspaper said.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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