Thursday, January 13, 2011

Temporary pensions compulsory in all funds

The issuing of a temporary pension will become compulsory for social insurance funds, according to what was stated at the cabinet meeting on Wednesday by Alternate Employment Minister Yiorgos Koutroumanis. The amount of the temporary pension will near 90 percent or even 95 percent of the normal one and the liquidation will be taking place with the issuing of the finalised decision.
 
As a result of the measure, a pension will be granted in 1-1.5 months in cases when insurance has taken place with one fund and within 1.5-2.5 months in the cases of insurance with two or more funds (successive insurance).
 
 
 
 
 
ANA