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IKA

24-Year-Old Employees in Greece Earn € 380 per Month on Average

Twenty-four-year-old employees in Greece earn an average of 380 euros per month, while an 18-year-old makes 265 euros per month, a Kathimerini newspaper report says. The report is based on data from statements submitted to the single security fund for...

The Establishment of the Social Security Institution in Greece

The Social Security Institution (IKA) was established by law in June 8, 1932 as a socio-economic necessity at a time when Greek society was oscillating by an unstable political situation and the aftermath of hundreds of thousands of refugees...

More than 315,000 New Greek Pensioners Waiting for Payment

More than 315,000 pensions -- main and supplementary -- and retirement bonuses are overdue in Greece, according to a Kathimerini newspaper report. New pensions are one year overdue to recipients. The new pension laws, the merger of security funds, the...

Pensioners Present Fears Over Further Pension Cuts in Meeting With PM

Pensioners are not convinced by the prime minister's assurances that there will be no further cuts to pensions, the head of the Coordinating Committee for Pensioner Associations and IKA Federation Dimos Koubouris said on Friday, after a meeting between...

Angry Greek Pensioners Rally to Protest Slashed Pensions

Thousands of angry pensioners gathered on Thursday morning at Kotzia Square in central Athens to protest their slashed pensions, burning the letters sent to them by the labor ministry. The pensioners, through their federation representatives, wanted to return the letter...

Greece's Major Security Funds About to Go Bust

Greece's two major security funds, OAEE and IKA, face tremendous shortages two months before the end of the year. The Professional Freelancers Security Organization (OAEE) is about to go bust. OAEE received 835 million euros in credit from the state...

Debts to Greek Security Funds Reach €33.6 Billion

The total debt to all Greek security funds reached 33.62 billion euros at the end of 2015, according to a Naftemporiki newspaper report. About 90% of the total debt from security fund contributions, or 30 billion euros approximately, are debts...

Ex-PASOK Fund Manager Spyropoulos Charged With Fraud

An Athens prosecutor brought criminal charges of breach of faith and fraud against Rovertos Spyropoulos, the former socialist PASOK party head of the Social Security Foundation (IKA). The charges were brought following a long investigation into the socialist party's...

Greece's Social Security Foundation (IKA) Seeks Help to Pay Pensions

Greece's Social Security Foundation (IKA) on Thursday is expected to seek approval for additional funding in order to pay pensions. The fund's reserves show a growing deficit, despite the fact that its revenues show an upward turn in the summer...

Pensioners Take to Labor Ministry After 50% Pension Slashes

Greek pensioners who have seen their rights diminish since the start of the economic crisis took to the streets against the latest round of pension cuts in Athens. The elderly shouted slogans protesting against slashes to their pensions outside...