BUSINESS

Social security fund merger set to continue

By Christina Kopsini

The Labor and Social Insurance Ministry has decided on a number of steps toward the administrative and institutional merger of all social security entities into a single fund, the National Social Security Fund (EAT), according to comments by the head of the Center of Planning and Economic Research (KEPE), Nikos Filippas, after he met with the head of the national Confederation of Greek Commerce, Vassilis Korkidis, on Monday.

The first steps planned concern the merger of auxiliary funds and lump-sum retirement payment entities, as well as merging ETAA – i.e. the Single Social Security Fund for Self-Employed Professionals (doctors, lawyers, engineers) – with OAEE, the fund for all the self-employed.

Once this is completed, the new fund for the self-employed will then merge with the Social Security Foundation (IKA), offering a single institutional framework for all the self-employed.

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