Social insurance

Workers to see salary hikes thanks to contribution reduction

Some 1,985,000 workers in the private sector will see salary increases early in 2021, as a result of the reduction of social insurance contributions that takes effect this Friday, January 1, Labor Minister Yiannis Vroutsis told Alpha Radio on Monday.

Moreover, several positive changes in the country's social insurance system are also in the pipeline, he added.

Average number of pensioners drops by 7,000 persons in Q3

The average number of pensioners was 5.125 million persons in the third quarter of 2020, decreasing by 7,000 persons over the previous quarter, and the average number of pensioners from social state insurance has reached 4.675 million persons, according to data of the National Institute for Statistics (INS) sent on Friday to AGERPRES.