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social security funds

Unionists Protest Social Security Fund Changes by Blocking EFKA Entrance

On Tuesday morning unionist gathered at the new EFKA social security fund in downtown Athens and blocked the entrance in protest to the new reforms which have merged the majority of Greece's social security funds under one umbrella. "We want to...

Greek Labor Minister Admits to Further Pension Cuts at Creditors' Request

Greece's Labor Minister Giorgos Katrougalos admitted on Thursday that the government may have to proceed with deep pension cuts as creditors request. Speaking to government friendly Sto Kokkino FM radio, the labor minister said that lenders would not accept a...

250,000 Pension Applications are Frozen in Greece

The list of retired employees who have applied for pension is getting bigger each day reaching 250,000 applications, while the waiting period may reach up to five years for supplementary pensions. Applications are frozen because pension legislation is pending, while...

Financial Times: 'Greeks Are One Minute Away from Midnight'

The Greek government is turning to the social security funds and Athens Metro in order to accommodate its debts and keep the country afloat, reported the Financial Times. “Athens faces a €1.7 billion bill for wages and pensions at the...

Greek Deputy Health Minister: Arrears Settlement to Bring 1.5 Bln Euros in Revenue

The settlement of arrears to the Greek State in 100 installments will bring 1.5 billion euros to state coffers this year, Greek Deputy Health Minister Dimitris Stratoulis said in an interview to the Athens-Macedonian News Agency on Friday. "It is the most improved settlement...

Outstanding Debts to Security Funds Pile Up

Outstanding debts to security funds in Greece reached 13.5 billion euros in November, compared to 11.485 billion in October, according to latest figures. Almost 1.8 billion euros owed to the Freelancers Security Organization (OAEE), were transferred to the Security Fund...

Survey: High Unemployment and Rising Deficits of Social Security Funds

The General Confederation of Greek Workers (GSEE) revealed data showing a huge decline in income for most Greek wage earners during the crisis. The data shows that approximately a million jobs have already been lost, while it warns for a new...

No Marriage and Child Benefits to Private Sector Employees

According to Imerisia newspaper, the new collective agreement for private sector employees signed this month does not provide for marriage and child benefits. Up until now, employees received a 10% benefit for being married and 5% for each child. The...

Greek Interior Ministry Refuses to Form Debt Collection Agency

The IMF is pressing Greece to form a private collection agency in order to recover millions of euros owed to social security funds. However, the Greek Ministry of Interior is refusing to give ground even though the debt to social...

Insurance Funds Lost 33 Billion Euros During Crisis

Greek Social Security Funds (POPOKP) 30th Congress of Employees, presented figures which show that social security funds in the country have recorded losses of 33 billion euros during the past six years of the financial crisis . At the same...