Wednesday, September 28, 2011

The dislocation of the middle class

Sound familiar!

By Nikos Xydakis
The pension cuts announced by PASOK’s socialist administration in the name of fiscal reform are essentially a shameless embezzlement of social security contributions.
Even those of us who have retired with an early -- and reduced -- pension have paid full contributions for 25 or 30 years of employment. So have, of course, those people who have worked for more than 35 years.
The government is not trimming some welfare benefits; it is rather slashing pensions which have been paid for with decades of social security contributions.

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