BUSINESS

EFKA eyes payout of more outstanding pensions

ROULA SALOUROU

TAGS: Finance

The management of the Single Social Security Entity (EFKA) is planning an extraordinary issue of new pensions on November 28 and at least one more batch within December, with the aim of drastically reducing outstanding pension applications by the end of the year.

The government has pledged that by June 30, 2018, all pending applications for retirement lump sums (about 52,000) will have been processed, as well as all outstanding applications for main pensions, which number about 110,000.

For this reason, EFKA has sent a letter to its employees giving them the option of working overtime, including weekends, until December 17.

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