Greece to reform pensions as part of bailout agreement

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GREECE/GLOBAL - Greece has pledged to undertake a pensions overhaul as part of the structural reforms agreed with its partners in the eurozone and the International Monetary Fund (IMF) in exchange for a €110bn (US$144bn) rescue package.

The battered country said public employees' pensions will be frozen for three years. In addition, pension payments of Christmas, Easter and summer bonuses will be abolished. The Greek government...

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