Social security fund employees say EFKA cooks figures

As the government gets ready to make implement major pension cuts in six months' time, the federation of employees at social security funds (POPOKP) said on Thursday that the Single Social Security Entity (EFKA) had a deficit of almost 1 billion euros last year.

The federation's general meeting yesterday heard that the picture the government and the fund have presented regarding EFKA finances is false, as the fund's revenues do not justify the excessive surpluses reported.

During the meeting, the fund employees presented data showing that EFKA received an extraordinary amount in funding from the program for the payment of overdue arrears of the state, but instead covered only the arrears it had already scheduled to pay. Those dues were not paid from the EFKA budget, but from the state budget. Therefore, POPOKP president Antonis Kouroklis said, the reality is far from...