Europe

Pension fund liabilities are growing rapidly

EFKA debt. The Social Security Debt Collection Center (KEAO) sent an ultimatum to approximately 300,000 debtors of the Single Social Security Fund (EFKA) to freeze, confiscate or auction their assets if they do not repay their debts within three months. threatened to do The aim is for him to collect €1.19 billion in membership fees in 2022. [INTIME]

Debt to EFKA, Greece’s single social security agency, has risen sharply, forcing the government to announce that the self-employed, including farmers, will be able to receive pensions with relatively little debt. increase. In addition, all debts older than 10 years will be canceled.

The total amount owed to EFKA by individuals and businesses reached €43.5 billion in June, up €590 million since the end of March. Most of this increase, €410 million, relates to fines for late payments.

Revenues from historical debt settlements are increasing despite the increase in debt. In the first half of 2022, he was paid €804.5 million compared to €992.8 million for the entire 2021.

According to official data, 381,748 debtors are following agreed debt repayment schedules, mostly over 10 years, with a total amount of €4.29 billion.



https://www.ekathimerini.com/economy/1191061/pension-fund-debts-are-rising-fast/ Pension fund liabilities are growing rapidly

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