Mar 22 β€’ 13:30 UTC πŸ‡¬πŸ‡· Greece To Vima

Fast-track supplementary pensions: End to years of waiting

The Greek Ministry of Labor is introducing legislative measures to expedite the processing of supplementary pensions, addressing significant delays faced by retirees.

In Greece, supplementary pensions have become the largest backlog issue in the pension allocation system. Despite the e-EFKA successfully reducing delays for main pensions in recent years, supplementary pensions continue to require considerable processing time. The Ministry of Labor is proposing a legislative adjustment to be submitted to Parliament after Easter, aiming to accelerate the issuance of supplementary pensions that many retirees are currently awaiting.

The new plan entails that the supplementary pension will be issued by the last fund where the worker was insured, regardless of which fund they have accrued the most insurance time with. This measure seeks to eliminate the lengthy process of determining jurisdiction between former funds, which is a primary cause of delays in processing supplementary pension requests. By streamlining these procedures, the Ministry aims to ensure that retirees receive their dues more promptly and efficiently.

As thousands of retirees have been waiting for their supplementary pension payments, this legislative initiative is a crucial step towards addressing long-standing inefficiencies in Greece's pension system. If successful, it could mark a significant improvement in the quality of life for many senior citizens, ensuring timely access to funds that are essential for their financial stability in retirement.

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