Aux­il­iary pen­sions to suf­fer cuts

Kathimerini English - - Front Page - ROULA SALOUROU

Around 122,000 pen­sion­ers face re­duced sup­ple­men­tary pen­sions, in­clud­ing free­lancers, self-em­ployed doc­tors, engi­neers and lawyers. Un­der a min­is­te­rial de­ci­sion signed by Al­ter­nate Min­is­ter for So­cial Se­cu­rity Pav­los Haikalis as part of Greece’s third mem­o­ran­dum, 11 aux­il­iary funds will au­to­mat­i­cally be in­cluded in a sin­gle sup­ple­men­tary in­sur­ance fund, ETEA, for around 1.8 mil­lion pen­sion­ers. The aux­il­iary funds should have been in­cluded in ETEA as part of Greece’s sec­ond bailout, but the pro­vi­sion was never ap­plied.

The 11 funds un­der ETEA will op­er­ate as a sin­gle ad­min­is­tra­tive and fi­nan­cial or­ga­ni­za­tion.

Ma­jor changes are ex­pected with the im­ple­men­ta­tion of new so­cial se­cu­rity rules through which the in­sured will be sub­ject to uni­form rules with­out ex­cep­tion, and will be en­ti­tled to cor­re­spond­ing ben­e­fits.

The ETEA bud­get for 2015 shows a deficit of 326 mil­lion eu­ros, while the sav­ings from in­te­grat­ing the funds is ex­pected to be around 16 mil­lion eu­ros. The third mem­o­ran­dum pre­vents ETEA deficits be­ing cov­ered by the state bud­get. There­fore a sec­ond round of re­duc­tions to sup­ple­men­tary pen­sions from Oc­to­ber on is seen as in­evitable.

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