Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Retirements spike due to uncertainty

 More public and private sector workers are considering an early exit over fears of regulatory changes

By Christina Kopsini

Thousands of public and private sector employees in Greece are considering the option of retirement due to fears that the as yet still favorable regulations in the country’s social security system could be abolished depending on the result of this month’s elections and the political balance that will emerge.

The anxiety that employees are experiencing has been obvious in the last month at virtually all public services, among them tax offices, municipal authorities and education, due to uncertainties in the pensions system.

Recent statements by the labor and social security minister aimed at allaying fears have gone some way toward containing the rise in staff departures.

Speaking on Skai TV, Yiannis Vroutsis dispelled rumors about an increase in the retirement age and tried to appease worried workers who are on the verge of fulfilling criteria for retiring.

While insecurity is soaring in the public sector, especially for those approaching retirement and the mothers of young children, in the private sector the waiting time for the issue of pensions by the Social Security Foundation (IKA) has grown longer than ever, with central IKA offices finding it impossible to serve the huge numbers of workers seeking clarifications, while there are also concerns regarding auxiliary pensions.

Retirement applications in the private sector have grown due to fears that the retirement age will be extended and that pensions will be reduced from January 1, 2015.

At the same time the incentives for people to work beyond the retirement age have virtually been eliminated, as the chances of an increase in the size of pensions are next to zero for those who do choose to stay on, detering workers from taking the risk.

According to the latest data from the ministry, the number of people receiving pensions related to age, disability or death from IKA has grown by 17 percent in the last six months, while expenditure has increased by 24 percent. In April IKA issued 206,436 more pensions than in October and spent 209.3 million more on pensions than six months earlier.

ekathimerini.com , Friday May 16, 2014 (22:03)  
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Taxes kept growing in second quarter
Athens, Nicosia satisfied by EU leaders´ stance toward Ankara
A reference in Friday’s European Council conclusions calling on Turkey to respect Cyprus’s sovereign rights left Athens and Nicosia content with the outcome of the European Union leaders’ su...
Suspended policeman chief suspect in cousin’s murder
A 27-year-old police officer who has been suspended from duty since 2013 for extortion, is being treated as the chief suspect in a murder committed in a suburb of Piraeus on Thursday. Police...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. A win is a win is a win for Olympiakos
2. TAIPED waits for green light from Eurostat
3. Trade deficit shrinks on big drop in imports
4. SMEs unable to claim subsidies
5. Taxes kept growing in second quarter
6. Thessaloniki Port expects 2014 to be record year
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
4. ECB vies for third time lucky in European stress tests
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Samaras’s crumbling Greek exit lacks backing from economists
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.