Thursday, August 26, 2010

Greece Pays Millions in Pensions to Deceased; Relatives of Deceased Continue to Draw Money

Greece -- which is in the midst of a debt crisis -- has been spending 100 million euros a year in retirement checks to long-dead pensioners, the Earth Times website reports today (August 26, 2010).

Officials from the labor ministry said Greece is currently paying pensions to 500 individuals who are over 110 years old, but recently discovered almost all of them had passed away years ago.

Greek Deputy Labor Minister Giorgos Koutroumanis said that in many cases the relatives of the deceased were continuing to draw their pensions.

After years of mismanagement in the pension and health care system, officials said they are finally close to completing a pensioner registry, adding that all defrauders will face prosecution.

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