Labour minister proposes merging all main social security funds

1 November 2015
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Labour, Social Insurance and Social Solidarity Minister George Katrougalos proposed merging all main social security funds into one, as one way to reform the sector, according to an interview in Greek financial daily Imerisia on Saturday.

The farmers’ (OGA) and Seamen’s (NAT) pension funds will the only one excluded, remaining as “separate legal entities for the performance of non-pension responsibilities”, the minister said.

Concerning the determination of social security contributions, given that in some funds they are higher than others, Katrougalos admitted it is a “very complicated issue”, noting that the only thing he can say at the moment is that they will be calculated according to the income and will be determined by common criteria for everyone.

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