ECONOMY

Extension to pension fund debt deadline

The Labor Ministry has embarked on a battle to increase the revenues of social security funds and their possible transfer to the Bank of Greece. After long queues formed outside pension fund buildings on Tuesday, especially at the fund for the self-employed (OAEE), Alternate Minister for Social Security Dimitris Stratoulis decided to extend the process for the settlement of debts to funds in 100 installments by one more month.

An amendment introduced to the bill on the resurrection of former state broadcaster ERT provides for an extension to June 2 of the deadline for the submission of applications for the settlement of expired debts to pension funds.

The new clause also allows those with debts to OAEE and the freelancers’ fund (ETAA) to miss out on up to three installments within a year without losing the benefits of the payment program. For all others with debts to social security funds, the clause allows for one installment per year to be skipped without consequences. In both cases the necessary condition is the payment of the ongoing contributions.

A total of 103,276 debtors have already entered payment schemes for dues adding up to 2.6 billion euros, and 61.2 million euros has been paid in.