ECONOMY

OECD report calls for more social security fund mergers

A report by the Organization for Economic Cooperation and Development (OECD) on the reform of social protection programs recommends new mergers between social security funds in Greece.

The report proposes that the fund for doctors, lawyers, pharmacists etc (ETAA) and that of mass media professionals (ETAP-MME) be included in either the Social Security Foundation (IKA-ETAM) or the fund for the self-employed (OAEE).

Furthermore, the report, which was made public on Tuesday by the Labor and Social Security Ministry, recommends the inclusion of the healthcare arms of social security funds in the National Organization for Healthcare Provision (EOPYY).

OECD describes the process for the merger of funds in Greece as “limited, often superficial and slow,” with the administration of the various entities spread across a net of over 40 bodies. It further stresses the need for a gradual reduction of contributions, pensions and benefits to a single level for all.