Tag Archives: social security funds

Hundreds of pensioners marched in downtown Athens in one more protest against cuts in main and supplementary pensions during the austerity years. The protest was staged as the recalculation of pensions is imminent due to the so-called Katrougalos-Law of 2016. The pensioners from the private and public sector said that …

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Greek bureaucracy and lenders’ pressure can and do indeed often create grotesque situations. This happened also distributors of  “Shedia” an Athens-based weekly magazine sold for the aim to help homeless people and socially isolated members of the Greek society. Ever since its establishment in 2010, the magazine has been sold …

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All properties and assets auctions for outstanding debts to the state will go exclusively online as of 1. May 2018, Finance Minister Euclid Tsakalotos told the Parliament on Friday when he introduced a relevant amendment to the omnibus bill. The amendment was tabled by the finance and the justice ministries …

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Greece’s biggest Social Security Fund for the private sector IKA is seeking 200 million euros in order to be able to pay pensions for the following months until the end of the year. “The governing board of the Social Security Foundation (IKA) on Thursday rejected the management’s request for money …

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Greece’s top administrative Court Council of State ruled out on Wednesday that the pension cuts of 2012 imposed by the Troika were against the Constitution. The court ruling followed a massive litigation by individual pensioners and pensioners’ associations from the country’s private sector. The Council of State ruled that the …

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An Athens court confirmed Greek government’s tax claims from the giant German constructor Hochtief. According to the court, the Greek government has every right to claim approximately €600million from the company that runs Athens airport “Eleftherios Venizelos”. The company has not paid any Value Added Tax since 2001, that is …

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What if coalition government leaders PM Antonis Samaras and deputy PM Evangelos Venizelos repeatedly assured there would not no new austerity measures. Appointed and not-elected finance minister Yiannis Stournaras gave things a sober approached and even indirectly announced where the new cuts will come from: from social security funds. “We …

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Coalition government parties Nea Dimocratia of PM Antonis Samaras and PASOK of deputy Prime minister Evangelos Venizelos owe to Greece’s social security fund IKA 365,000 EUR in social contributions. Responding to a written question from MPs, Labor Minister Yiannis Vroutsis said checks on unpaid contributions in June revealed that New …

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It comes as expected: high unemployment rates ruin Greece’s social security funds. Yesterday I read that the 1,403,698 people without work (stand: June 2013) deprive the social security funds of 500 million euro in social security contributions on a monthly basis. Now the country’s biggest social security fund IKA – the fund for employees …

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