Social Security Foundation
Eight suspects arrested for alleged social security fraud
The Financial Police said on Thursday that they have smashed a racket of fraudsters believed to have swindled 360,000 euros from the Social Security Foundation (IKA) and the OAEE fund for freelancers and the self-employed by issuing forged diagnoses of worksite accidents with the help of doctors.
Zakynthos islanders in court after implication in false disability claims
The trial of dozens of people on Zakynthos alleged to have been involved in the false certification of islanders as blind to allow them to claim disability payments began on Friday in a misdemeanors court on the Ionian island.
Primary surplus soaring despite pension fund deficit
State has repaid significant chunk of its arrears to suppliers
By Roula Salourou & Sotiris Nikas
Three in every four pensioners opt for early retirement
Three in every four pensioners in Greece have managed to secure early retirement, inflicting a major blow to the sustainability of the countrys pension system.
One in eight Greek firms fined for undeclared labor
In the period from September 15 to October 31 the Labor Ministry in Athens imposed fines adding up to 60 million euros on enterprises found to be employing uninsured workers, according to data from the Artemis project released on Monday.
A total of 29,079 companies were monitored, of which one in eight (12.53 percent), or 3,645, were found to be employing undeclared workers.
Athens private college closed over 20 mln euros in IKA debts
Education Minister Andreas Loverdos (photo) on Tuesday announced the closure of Domi, a private college in Athens, due to pending debts to the Social Security Foundation (IKA) totaling some 20 million euros.
Wages and salaries drop more in 2013
The average salary at Greek enterprises fell a further 10.27 percent in 2013, while the earnings drop in the construction sector was even steeper, at 15.82 percent, according to data compiled by the Social Security Foundation (IKA). Average daily wages fell 6.92 percent and 7.11 percent respectively.
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Private sector salaries keep shrinking
By Thanos Tsiros
Salaries in the private sector are dropping to levels even lower than pensions distributed by the Social Security Foundation (IKA), official data have shown.
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Social security fund merger set to continue
By Christina Kopsini
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Social security funds are facing a hole of 2 bln euros
The expected cut to third-party levies will inflict a blow on them
By Christina Kopsini
A gap of 2 billion euros is opening before the governments very eyes as the countrys social security funds will require additional financing if they are to continue to pay out pensions without any problems until the end of the year.