Wednesday, April 25, 2012

Greece Cutting Pensions of 200,000 Dead and Liars

Greece has announced that it is halting benefits to over 200,000 people.

Investigations showed that benefits were continuing to go out to families of people who were dead, and others who had falsified their information in order to receive pensions.

Greece states that ending those accounts will save them nearly $1 billion, and that they will also be recouping all money that was fraudulently taken.

The government blames the previously uncaught fraud on people lying to authorities who were either too overwhelmed or corrupt.

Investigations are continuing, and Greece hopes to save even more money, as they catch more people.

According to budget information released earlier this month, the pension fund used up 44% of it's year's budget, within the first quarter.

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