Funded pension plan for more workers

The Labor and Social Security Ministry is examining the idea of granting younger workers - with few years of labor in the current social security system - the option of choosing to join the new funded auxiliary pension system, the very system that new entrants in the labor market must now enter by law.

The same option, per the proposals examined at the General Secretariat for Social Security, will also be offered to any groups of workers who have not been entitled to supplementary social security, such as freelance professionals and farmers.

Both sets of workers - i.e. young salary workers and freelancers - will be able to join the funded auxiliary pension system on a voluntary basis.

The core of the government proposal that Deputy Minister for Social Security Panos Tsakloglou is processing consists of a new, state-controlled supplementary social security fund...