Friday May 22, 2015 Search
Weather | Athens
14o C
09o 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 countrys social security system could be abolished depending on the result of this months 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)  
Car sales drop a gear on VAT rate uncertainty
Bulk of loan requests comes from food service
Greek yields climb after Riga summit
Georgios Michelis said to be next HFSF chief
Deal no closer following PMs meetings in Riga
Athens believes that Greece could still clinch an agreement with its lenders but probably at the start of June, rather than by the end of this month as it had previously hoped, following the...
Greece to back NATO-led campaign against ISIS, Kammenos says
Greece will join the United States and other NATO members in efforts to defeat militants of Islamic State (ISIS), an issue which is expected to be discussed in the summit of the transatlanti...
Inside News
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next seasons Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
EDITORIAL
Consensus is key
The education bill that has been put forward by Greeces leftist-led government has to be the subject of extensive public consultation. Even more importantly, it needs to be approved in Parl...
COMMENTARY
The other inequality: how the state spends our money
Growing inequality between rich and poor across the world has rightly become the focus of much investigation and analysis. The Organization for Economic Cooperation and Development underline...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Deal no closer following PMs meetings in Riga
2. Greece to back NATO-led campaign against ISIS, Kammenos says
3. SYRIZA, ND waver over agreement
4. Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
5. Car sales drop a gear on VAT rate uncertainty
6. Bulk of loan requests comes from food service
more news
Today
This Week
1. Merkel stamps out brief optimism on Greece after Tsipras talks
2. Lessons from Israels tech miracle
3. Tsipras to meet Juncker on second day of Riga summit
4. EOPYY struggles for funding, sees overdue debt rise
5. Civil aviation staff to hold walkout on holiday weekend
6. Banks will be asked to revise their restructuring plans
Today
This Week
1. The Greek-German breakthrough that didnt come
2. Phony dilemma
3. Greece came close to not paying IMF
4. Conspiracy madness
5. National self-awareness put to the test
6. Albanian demarche raises concerns about possible territorial claims over Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.