PM’s office welcomes employer support for hike in social insurance contributions

7 January 2016
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The government on Thursday welcomed the stance adopted by employer associations to the possibility of a hike in social insurance contributions in order to support the pension system, in an announcement issued by the prime minister’s press office.

It noted that a meeting between Prime Minister Alexis Tsipras and the heads of the four largest employer groups had been held in a positive and constructive climate, with the employers will to discuss a modest increase in contributions to avoid pension cuts.

After the meeting, the four organisations issued an announcement saying they were in favour of a small and temporary increase in contributions that was signed by the heads of the National Confederation of Commerce and Entrepreneurship (ESEE), the Hellenic Federation of Enterprises (SEV), the Greek Tourism Confederation (SETE) and the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE).

The government noted that this position would ensure the viability of the system without further horizontal cuts and also strengthen the country’s negotiating position and laid the foundations for an economic and productive reorganisation, with social solidarity and protection of the weaker sections of society.

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