Regulation to provide generous ‘haircut’ in settling debts to social security funds

The regulation to settle debts to social security funds “will provide a generous ‘haircut’ up to 70 percent of a debt” and repayment in up to 120 installments, Deputy Social Security Minister Tassos Petropoulos said in an interview with “Finance & Markets Voice” newspaper.

Referring to the operation of the EFKA social security system, he said that “it has achieved surpluses that allow us to end pension cuts, intervene positively with both pensioners and employees and to (…) fortify their rights.”