The sustainability of the social security system is considered assured until the distant 2070.
PENSION
The new reduction in social security contributions by employers, which the government plans to implement in two phases, will start in 2025.
The Labor Ministry will grant social security capacity to approximately 100,000 self-employed people with small debts to the Single Social Security Entity (EFKA) – from a few cents to 100 euros.
Demographics is a matter of “major importance” for Greece due to the serious challenges it causes both in terms of economic development and social stability, according to the Foundation for Economic and Industrial Research
The Single Social Security Entity (EFKA) is seeking to make a huge leap.
Working pensioners have four months to apply on the special platform of the Single Social Security Entity (EFKA) to have the 10% special contribution deducted from their wage which will eventually lead to an increase in their pensions to the tune of up to 3,500 euros annually.
The Single Social Security Entity (EFKA) started sending 281,000 email messages to freelancers.
Dozens of elderly expatriates from Georgia are accused of attempting to fraudulently obtain pension benefits from the Greek Social Solidarity Privileged Benefits Organization. Their trial was postponed on Tuesday until April.
The vast majority of self-employed professionals, who choose the lowest (or first) social security category, will pay almost 8 euros per month or €95.52 per year more in their contributions for main pensions and healthcare.
The Single Social Security Entity (EFKA) has entered a trajectory of fiscal balance and actuarial sustainability.
The Organization for Economic Cooperation and Development on Wednesday presented the paradox of the Greek social security system, and generally the distorted way of the country’s development in the last few decades, in its report on pensions.
The Single Social Security Entity (EFKA) has planned for successive payments before Christmas to 2.5 million pensioners.
The pension increase for 2024 has been determined at 3%, with the first payment in January already scheduled for just before Christmas.
Greece’s pension program will be free of problems up to 2030, as long as rules do not change again, Deputy Labor and Social Insurance Minister Panos Tsakloglou said at the Thessaloniki Summit 2023 in the northern port city on Tuesday.
Deputy Minister of Labor and Social Security Panos Tsakloglou has ruled out a modification to the minimum retirement age for the next three years.
From January 1, 2024, the 30% pension cut for pensioners who continue to work is to be abolished, and those retirees will collect their entire main and auxiliary pensions with the exception of a 10% deduction.
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