Labor Ministry
Pensions to rise by 12-252 euros/month
The final version of the Labor Ministry bill on the new replacement rates for pensioners will lead to an increase in main pensions by 12 to 252 euros per month, Kathimerini understands.
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Major shifts in the pipeline for pension calculation methods
Over 4 million workers and pensioners insured with the country's main and auxiliary social security funds (EFKA and ETEAEP) can expect to see changes and shifts in their pensions and incomes judging by the blueprint the Labor Ministry is expected to send to the General Secretariat of the government on Wednesday, before heading to Parliament.
Inadequate incentives
The Labor Ministry's pilot program titled "Greece Again" and described at its launch as an "emblematic initiative" hopes to convince some 500 highly qualified Greek professionals aged 28-40 who are currently working abroad to come back home. How? By promising a minimum gross salary of 3,000 euros a month.
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Hundreds of thousands of pensioners are in for raises
The Labor Ministry is set to fully overhaul the country's pension system next month, as the social security reforms it is promoting will increase some 450,000 main and auxiliary pensions. The final number of recipients and the size of the hikes will be determined by the necessary study for the ministry by the National Actuarial Authority.
Most new jobs created this year are full-time
The Greek labor market has recorded increases in the number of enterprises and salary workers this year, but also a reduction in the average salary, while a considerable portion of workers continue to earn very low wages, according to the statistics of the Ergani database.
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EFKA draft budget for next year provides for a surplus of 245 mln
The Single Social Security Entity's (EFKA) draft budget for next year, to be discussed at the board meeting, provides for a significant surplus of 245.6 million euros.
Greek pensioners to demand more dues retroactively
The United Pensioners network is raising a new claim for retroactive dues concerning 40 months for 300,000 pensioners, alleging that the recalculation of the auxiliary pensions in June 2016 that led to major cuts for a third of recipients was not worked out correctly.
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Record number of layoffs in October
Greece's high structural unemployment, the huge degree to which employment depends on tourism, and entrapment in seasonal jobs in economic activities of low specialization ensure that the economy remains vulnerable and lead to high numbers of layoffs at the end of every tourism season.
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New LabMin Violeta Alexandru announces ministry overhaul, serious checks on pensions budget
Freshly installed Labor Minister Violeta Alexandru announced the downsizing of the ministry as well as serious checks on the situation of the pensions budget, given that according to her, the Social Democrat rule has left it with a worrisome deficit.
Temporary auxiliary pension plan prepared by Labor Ministry
The Labor Ministry is processing a plan for retirees to secure the payment of a temporary auxiliary pension immediately after their application for a main pension has been approved, so as to reduce waiting times and ease the hassle that thousands have to go through upon retirement.