300,000 Greeks Miss Pensions Over €30,000 Social Security Debts and Bank Account Scrutiny
Updated
Updated · Kathimerini English Edition · Aug 29
300,000 Greeks Miss Pensions Over €30,000 Social Security Debts and Bank Account Scrutiny
1 articles · Updated · Kathimerini English Edition · Aug 29
Summary
About 300,000 Greeks are currently ineligible for pensions because they owe unpaid social security contributions, and many are declining repayment deals that would restore eligibility.
Under the rules, debtors must waive banking secrecy and allow account scrutiny; anyone owing more than €30,000 must first clear the excess before any pension can be paid.
Once payments start, 60% of the pension is withheld until the debt falls to €20,000, after which the balance can be repaid in up to 60 installments.
Authorities do not know how many would-be pensioners simply cannot afford the upfront payment, but they suspect others are refusing to open their bank accounts to inspection.