First notifications by new unified social security fund expected this month

4 January 2017
157 Views

The labor and social insurances ministry is expected to begin sending out electronic notifications this month for payment of social security payments due by the end of February 2017, with both legal entities (businesses, shops and companies) as well as individuals, such as self-employed professionals, targeted.

The ministry said the notification system, mostly relying on emails, will be up and running by Monday, Jan. 16., although standard hand-written notifications will be conveyed via the mail when no email or other electronic particulars are available.
The initiative is one of the primary highlights of a new Unified Entity for Social Insurances, known as “EFKA” in its Greek-language abbreviation, which aims to unify all of the administrative services offered by Greece’s bevy of state-run pension funds. As part of the initiative, EFKA is tasked with compiling and managing a unified electronic database with data from all of the country’s funds.

The new entity debuted on Jan. 1, 2017, although it commenced operation with a deficit of more than one billion euros, as its budget for its first year of operation showed.

The deficit, according to the ministry, will be covered by cash reserves and an increase in the state’s subsidy towards the new entity.

EFKA revenues are listed at just more than 40 billion euros for 2017, with expenditures put at 41.1 billion euros.

You may be interested

Longest Balkan railway tunnel opens in Greece (VIDEO)
GREECE
shares48 views
GREECE
shares48 views

Longest Balkan railway tunnel opens in Greece (VIDEO)

makis - Feb 20, 2018

The longest tunnel in Greece and the Balkans was finally opened to rail traffic this week after years of construction.…

Turkey renews the NAVTEX that blocks the drillings in the Cypriot EEZ!
GREECE
shares49 views
GREECE
shares49 views

Turkey renews the NAVTEX that blocks the drillings in the Cypriot EEZ!

makis - Feb 20, 2018

The illegal NAVTEX in the sea area of Block 3 in the Cypriot EEZ has been renewed by the Turkish…

Is Italian ENI drilling ship abandoning Cyprus after Turkish aggression?
GREECE
shares65 views
GREECE
shares65 views

Is Italian ENI drilling ship abandoning Cyprus after Turkish aggression?

makis - Feb 20, 2018

The SAIPEM 12000 drilling ship from Italian energy company ENI is preparing to depart the “Supa” target in sea block…

Leave a Comment

Your email address will not be published.