Supplementary Social Security Fund

Employees under 35 years old, as well as those who to date have not been insured in an auxiliary pension fund will have the option as of this year to switch from the Single Social Security Fund (EFKA) to the Supplementary Social Security Fund (TEKA).

 ETEA about to tap AKAGE for 50 mln euros to pay its retirees

By Roula Salourou

The government is set to draw cash from a special fund set up for future generations to make up the amount it needs to pay supplementary pensions this month. The Labor Ministry, meanwhile, has been upping pressure on social security funds to hand over their cash reserves.