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Friday 12 August 2011

Pension fund stops payments to dead

DEBT-RIDDEN Greece's biggest pension fund has stopped payments to 1473 pensioners over the age of 90 after finding out they are no longer alive.

The state-run Social Security Fund also says it will sue people who were illegally pocketing such pensions and try to recoup 1.9 million euros ($2.66 million) that has been paid into the accounts of the deceased.

Todayy's announcement follows a continuing fraud investigation after officials found that some 9000 Greeks aged over 100 are receiving pensions. The latest census, in 2001, listed fewer than 1700 people as aged over 100.

Greek authorities also are probing suspected disability and welfare fraud after noticing suspiciously high numbers of beneficiaries.

Greece is surviving on an 110 billion euro ($145.81 billion) bailout loan program from EU countries and the International Monetary Fund.

 

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