Implementing “Automatic Pilots” for Greek pension reform. Managing the pension crisis against social insurance values

SCAD No 33
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Published: Mar 1, 2022
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2022-03-01 (1)
DOI: https://doi.org/10.12681/scad.32227
Keywords:
Automatic adjustment mechanisms, actuarial fairness, budgetary discipline, Pension reform
Vagelis Koumarianos
Panteion University
Abstract

Automatic Adjustment Mechanisms have increasingly
been seen as both a way in which
to depoliticize unpopular pension cuts and as
a mechanism to restore social insurance principles,
such as generational equity and actuarial
fairness in the Greek pension system. An
overview of the features of AAMs for main and
auxiliary pensions in Greece is followed by an
analysis of their implementation in the decade
2010-2020. It is shown that the attempt at the
sudden imposition of an AAM during a period
of severe economic crisis undermines and prevents
the functioning of AAMs

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Author Biography
Vagelis Koumarianos, Panteion University

Evangelos Koumarianos holds a Master in Public Finance Law, a Master in Public Law and a Phd
in Law from the University of Paris 1, Pantheon-Sorbonne. He has completed his postdoctoral research
at the Social Policy Department of the Panteion University. He teaches social security policy
at the Panteion University and at the National Institute of Public Administration. His research and
his publications are focused on social insurance policies.

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