The government on Thursday welcomed the stance adopted by employer associations regarding the possibility of a hike in social insurance contributions in order to better support the ailing pension system, in an announcement issued by the prime minister's press office.

"For the first time we will have one speed pensioners," Labour Minister George Katrougalos on Friday said in a press conference on social security reforms.

The president of the Central Union of Chambers Konstantinos Mihalos on Friday said that he does not agree with the increase in social security contributions adding that the entire market disagrees with it.