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Democratic Left Says Troika Wants Greek Pension Age Raised to 67

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Sept. 11 (Bloomberg) -- Greece’s Democratic Left party, which supports the coalition government of Prime Minister Antonis Samaras, said international inspectors have called for the statutory retirement age to be raised to 67 from 65 and for state employees to be dismissed.

“These measures must be avoided,” the Athens-based party said in an e-mailed statement today. It laid out alternatives to about 3 billion euros of the measures already proposed by the government in an 11.5 billion-euro budget package for the next two years.

Democratic Left, which has 17 lawmakers in Parliament, said it was opposed to six of the measures in the package including cuts to disability benefits which would save 272 million euros and across-the-board cuts to pensioner bonuses to save 2.2 billion euros. It proposed these measures be replaced by further cuts in defense spending, health procurement and an overhaul of tax breaks.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net

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