PENSION

Pension backlog all but cleared
SOCIAL SECURITY

Just over 30,000 pension applications were pending at the end of August, as the backlog of outstanding demands by retirees reached a historic low, at least since the establishment of the Single Social Security Entity (EFKA).


MyTEKA app on auxiliary pension fund
SOCIAL SECURITY

The 102,000 people insured with the new Hellenic Auxiliary Pensions Defined Contributions Fund (TEKA) will soon be able to obtain a complete picture of their contributions, whether they have been paid on time and where their contributions are invested, and consequently how their savings are developing.

Two thirds of retirees to see pension increase
ECONOMY

The existence of the personal difference – i.e. the difference between pensions issued before and after the May 2016 cutoff date – will deprive one in three pensioners of the first pension increase in 12 years, due in 2023.

Contributions set to increase
SOCIAL SECURITY

A significant surcharge, between 7% and 9%, is coming in 2023 to over 1.2 million freelancers, self-employed professionals and farmers, as based on the Vroutsis social security law all self-employed contributions will have to increase in line with the previous year’s rate of inflation.


Handouts target crucial voters
ECONOMY

Pensioners and civil servants will be the main beneficiaries of the extra support measures that are to be revealed by Prime Minister Kyriakos Mitsotakis in his keynote speech at the Thessaloniki International Fair on September 10.

Pension fund debts are rising fast
ECONOMY

Debts to Greece’s Single Social Security Agency, EFKA, are rising at a fast clip, forcing the government to announce that the self-employed, including farmers, with relatively few debts will be able to get a pension; additionally, all the debts which are more than a decade old are canceled.


Pension backlog nears clearing
ECONOMY

Greece’s social security agency EFKA is on the verge of dealing successfully with what has long been decried as a systemic failure: the backlog of pension applications.

Relief for Greeks with social security debts
ECONOMY

Nearly 100,000 individuals in arrears of their payments to EFKA, the national social security agency, will be provided with a more favorable repayment schedule, the Employment Ministry says.

Successful speed-up of pensions
SOCIAL SECURITY

The Single Social Security Entity (EFKA) has slashed its overdue debts to pending pensioners by 89% over the last two years, per the latest Atlas report for June.



Online service for pensioners
SOCIAL SECURITY

The Single Social Security Entity (EFKA) is launching a new electronic service that seeks to end the need for repeated visits by citizens to the fund’s offices, the time-consuming process of finding various documents and the many months or even years of anxiety about the progress of pension applications.

Forgiving social security dues
ECONOMY

The Labor Ministry is setting a 10-year statute of limitations for social security debts by corporations, freelance professionals and the self-employed to the Single Social Security Fund (EFKA), according to a regulation set to reach Parliament in the near future.

First year of pension increases after 12 years
ECONOMY

“Next year will be the first year of increasing pensions for the first time, after 12 years,” Deputy Labor and Social Affairs Minister Panos Tsakloglou said in an interview with the Athens-Macedonian News Agency on Sunday.


Auxiliary fund sets off positively
SOCIAL SECURITY

The new auxiliary social security fund (TEKA) has registered at least 15,000 workers in the first three months of its operation.

Fast-track pensions begin
SOCIAL SECURITY

The Labor Ministry and the Single Social Security Entity (EFKA) are activating the fast-track process for the issue of pensions, aiming at clearing out all pending applications by October.