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Finance Ministry Confirms 42 Million Euros in Pension Savings

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Greece's Alternate Finance Minister Christos Staikouras has confirmed that the new stringent pension protocol has saved the nation 42 million euros over the past two years, resulting in approximately 1.3 million euros per month.

Staikouras claimed, "Over the past two years, efforts have been made to promote clarity, transparency and more efficient management of the public pension system", according to Kathimerini.

The Alternate Finance Minister added, "Among other measures, we have completed the registry of pensioners so that not one illegal pension is being paid out today."

The largest challenge plaguing the pension system was relatives accepting deceased family member's pensions. Staikouras commented that the Finance Ministry has administered recurring five year protocols, to determine accurate records for all pensioners.