Personal finance

The Single Social Security Entity (EFKA) has entered a trajectory of fiscal balance and actuarial sustainability.

That is the view of both the European Commission in its recent report on the third evaluation after enhanced supervision, and the Organization for Economic Cooperation and Development (OECD) in its report on pensions.

The novel research focused on government health data from a pension program introduced in China in 2009

The Organization for Economic Cooperation and Development on Wednesday presented the paradox of the Greek social security system, and generally the distorted way of the country's development in the last few decades, in its report on pensions (Pensions at a Glance 2023).

As he said, they came before the citizens with a program, plans and promises.
Vui said that the campaign they ran was very good and that he's satisfied.

The Single Social Security Entity (EFKA) has planned for successive payments before Christmas to 2.5 million pensioners, in order to pay all the beneficiaries without exception, both the January pension with an integrated increase of 3%, as well as the personal difference allowance, to those who are not entitled to a raise.

Some four in 10 people in Türkiye have more than one credit card, according to a survey conducted by Areda Piar.

Around 39.6 percent of respondents said they have two or three credit cards, while 7.6 percent stated they have four or more.

According to the survey, only 5.7 percent of consumers have one credit card.

The pension increase for 2024 has been determined at 3%, with the first payment in January already scheduled for just before Christmas.

This practically means that retirees will receive a national pension raised from the current 413.76 euros to €426.17 (an increase of €12.41).

"The payment has already started, the state allocated more than RSD 33 billion of additional aid for our oldest fellow citizens, which is in line with the current state policy of caring for the community and the individual in the years of crisis," Mali said.

The social security system - a pillar of democratic societies and one of the fundamental rights of their citizens - functions within specific conditions and boundaries.

A significant shift in Bulgaria's pension landscape is on the horizon, as the minimum pension for service and age is slated to surge by 11% under the Swiss rule, reaching BGN 580 starting July 1, 2024. Alongside this increase, widow's supplements are also expected to see a rise, as per insights from "Sega."