Parliament approves reform of Pension System

19/12/2013. The Lower House of Parliament gave its final approval on Thursday, after its passage through the Upper House, to the Law regulating the Sustainability Factor and Pension System Revaluation Index, which will come into force on 1 January 2014. The minimum and maximum annual revaluation levels were set at 0.25% and the CPI plus 0.5% respectively. The sustainability factor that ties the amount of the pension to life expectancy will be applied as from 2019.