Showing 1 to 9 of 9 results
Greek Pension Disparities Highlight System Inefficiencies
In April 2024, Greece's EFKA issued 25,328 new pensions, averaging €842, with significant disparities between private (€774.18) and public (€1,317.43) sectors, alongside €82.7 million in back payments.
Greek Pension Disparities Highlight System Inefficiencies
In April 2024, Greece's EFKA issued 25,328 new pensions, averaging €842, with significant disparities between private (€774.18) and public (€1,317.43) sectors, alongside €82.7 million in back payments.
Progress
44% Bias Score
Uneven Wage Growth in Greece: Reaching €1,500 Average Wage by 2027 Faces Challenges
Greek private sector wages rose in August 2024: 3% in large firms (€1,457.41 average gross monthly wage) and 4% in small firms (€1,032.14), but 22% of employees work part-time for €582. Achieving a €1,500 average wage by 2027 faces challenges due to slow GDP recovery.
Uneven Wage Growth in Greece: Reaching €1,500 Average Wage by 2027 Faces Challenges
Greek private sector wages rose in August 2024: 3% in large firms (€1,457.41 average gross monthly wage) and 4% in small firms (€1,032.14), but 22% of employees work part-time for €582. Achieving a €1,500 average wage by 2027 faces challenges due to slow GDP recovery.
Progress
36% Bias Score
Greece: Extra EFKA Fees for Salaried Freelancers Under €1273 Monthly Income
In Greece, salaried employees also working as freelancers with "blokakia" face extra EFKA payments if their salaried income is under €1,273 monthly gross, failing to cover the self-employed's second insurance category (€293.59 including a mandatory €10 unemployment contribution).
Greece: Extra EFKA Fees for Salaried Freelancers Under €1273 Monthly Income
In Greece, salaried employees also working as freelancers with "blokakia" face extra EFKA payments if their salaried income is under €1,273 monthly gross, failing to cover the self-employed's second insurance category (€293.59 including a mandatory €10 unemployment contribution).
Progress
36% Bias Score
Greece Raises Public Sector Pension Contributions by 2.7%
Starting January 1, 2025, Greek public sector lawyers, engineers, and healthcare workers will face a 2.7% rise in supplementary pension and lump-sum benefit contributions (EFKA/TEKA), reaching up to €65.25 monthly, with employers sharing some costs; the adjustment reflects 2024's average inflation.
Greece Raises Public Sector Pension Contributions by 2.7%
Starting January 1, 2025, Greek public sector lawyers, engineers, and healthcare workers will face a 2.7% rise in supplementary pension and lump-sum benefit contributions (EFKA/TEKA), reaching up to €65.25 monthly, with employers sharing some costs; the adjustment reflects 2024's average inflation.
Progress
32% Bias Score
Greece Lowers Social Security Contributions in 2025
Greece will reduce social security healthcare contributions by one percentage point starting January 2025, benefiting both employers and employees in the public and private sectors, resulting in slightly higher take-home pay and reduced costs for employers, with an estimated cost of €430 million.
Greece Lowers Social Security Contributions in 2025
Greece will reduce social security healthcare contributions by one percentage point starting January 2025, benefiting both employers and employees in the public and private sectors, resulting in slightly higher take-home pay and reduced costs for employers, with an estimated cost of €430 million.
Progress
36% Bias Score
Greece Employs Private Collectors for €49.73 Billion Social Security Debt
As of Q1 2025, €49.73 billion in social security debt is owed to EFKA in Greece, with only €4.9 billion regulated, prompting the involvement of private debt collectors to address the issue.
Greece Employs Private Collectors for €49.73 Billion Social Security Debt
As of Q1 2025, €49.73 billion in social security debt is owed to EFKA in Greece, with only €4.9 billion regulated, prompting the involvement of private debt collectors to address the issue.
Progress
48% Bias Score
Greek Public Pensions 60% Higher Than Private Sector Pensions
In March 2024, Greece's EFKA paid €2.72 billion in pensions; new public sector pensions averaged €1,216.92 monthly, almost 60% higher than private sector pensions (€765.98). 15% of pensioners receive less than €500 monthly.
Greek Public Pensions 60% Higher Than Private Sector Pensions
In March 2024, Greece's EFKA paid €2.72 billion in pensions; new public sector pensions averaged €1,216.92 monthly, almost 60% higher than private sector pensions (€765.98). 15% of pensioners receive less than €500 monthly.
Progress
48% Bias Score
Greek Court Declines Ruling on Pension Back Payments
Greece's Supreme Special Court declared itself incompetent to rule on the constitutionality of pension cuts, resulting in only pensioners who sued before July 2020 and won their cases receiving back payments, potentially affecting 300,000-350,000 individuals, while the government stated that no acro...
Greek Court Declines Ruling on Pension Back Payments
Greece's Supreme Special Court declared itself incompetent to rule on the constitutionality of pension cuts, resulting in only pensioners who sued before July 2020 and won their cases receiving back payments, potentially affecting 300,000-350,000 individuals, while the government stated that no acro...
Progress
48% Bias Score
Surge in Greek Retirement Applications Due to Policy Changes
In Greece, approximately 190,000 people applied for retirement between January and Christmas 2023, with an estimated 200,000 expected by year's end, due to factors such as purchasing up to seven years of fictive insurance and favorable employment regulations for retirees.
Surge in Greek Retirement Applications Due to Policy Changes
In Greece, approximately 190,000 people applied for retirement between January and Christmas 2023, with an estimated 200,000 expected by year's end, due to factors such as purchasing up to seven years of fictive insurance and favorable employment regulations for retirees.
Progress
36% Bias Score
Showing 1 to 9 of 9 results