Purpose: The purpose is to contribute by presenting a case series and reviewing the reforms, which have transformed the public sector\'s public employees\' incomes during the Greek financial crisis.\nDesign/methodology/approach: Firstly, we conducted a literature review in Scopus. We also searched primary sources, such as Government Newspapers, Bank of Greece Governor Reports, Enhanced Surveillance Reports, Economic and Financial Affairs, European Union, Eurostat, ELSTAT (Greek Statistical Authority), books, financial journals, and Publications. We performed our search using the following keywords in various combinations: Memoranda; Memorandum; financial crisis, economic adjustment program, public sector, payroll. In the end, we collected payroll data from the office of the Greek Public University we examine in the paper.\nFindings: Through this study, we found that the memoranda had a huge impact on the employees\' income, who belonged in the educational categories mentioned above-officials of that Greek Public University. Eventually, it is observed that the more significant changes in incomes took place in 2012 because then the most vulnerable educational categories of the employees with the less educational qualifications as well as the unskilled staff, were affected the most. Although the \'\'cruel\'\' decade of the financial crisis in Greece is over, many problems are about to remain, requiring many years to be faced.\nOriginality: This study was conducted using a sample method, the random selection of the employees in a Greek Public University, whose characteristics in the education belonged in the following categories: University Institution, Technological Institution, High school, and primary school. Overall, there are many public employees in the public sector, and each one belongs to one of these categories. Through that random selection of University\'s employees were presented the salary data of these officials paid through the single payroll based on specific income policies implemented during the financial crisis.