Sustainability and fairness still missing in the Greek social insurance system

Despite deep cuts in pensions recently implemented in Greece, the social insurance system is still characterized by a multitude of problems—financial, social, and organizational. These make it counterproductive in improving intragenerational inequality and intergenerational fairness, while its bureaucratic complexity makes the planning and implementation of reforms a difficult task. The aim of the paper is, first, to describe the long‐term adverse dynamics and, second, to suggest a road map of changes that ensure a fairer treatment among the various categories of pensioners as well as between them and current generation employees.