Six-month record from e-EFKA in issuing new pensions

A six-month record in the issuance of new main pensions between January and June 2022 and an 89% reduction in overdue debts to pending pensioners, e-EFKA recorded, as reflected in the latest June “ATLAS” report.

In detail, the new pension decisions during the first half of the year amounted to 138,946. This is an increase of 30% compared to 2021, 113% compared to 2020 and 123% compared to 2019. It is even impressive that in the first half of 2022 15,000 more pensions were issued than were issued in the whole of 2019 (a total of 123,324 were issued pension decisions).

89% reduction in overdue debts

The June ATLAS report also shows the significant reduction in the overdue debts of the e-EFKA to the pending pensioners.

In particular, overdue debts in June 2020 amounted to 705 million euros, while today they amount to 78 million euros, reduced by 89%. The corresponding reduction compared to June 2021 is approximately 80%. This rapid reduction in arrears to pending pensioners is due to the massive liquidation of overdue pensions that has been achieved in recent months, giving priority to the oldest outstanding pensions that were accompanied by the payment of the corresponding retroactives. For the assessment of the due expense, the health contribution and the income tax have been deducted. Also, from 6/2022, the debts of prospective pensioners to the e-EFKA have been included and deducted.

Evolution of the number and estimated due expenditure of overdue applications for final main pension

It is important to emphasize that especially for pension applications that have not yet become overdue, EFKA’s debts to pending pensioners are smaller than the debts owed by pending pensioners to EFKA. The difference between the two debts amounts to approximately 22.5 million Euros and are debts that the pending pensioners have either settled or are going to settle in the next period of time or will be withheld from the pension they will receive.

Evolution of number and estimated due expenditure of unexpired pending applications for final main pension

The Minister of Labor and Social Affairs Kostis Hatzidakis stated: “EFKA achieved a new record – this time a six-month record – in the issuance of pensions between January and June 2022. The increase in the rate of issuance of new pensions is accompanied by the rapid de-escalation of arrears to the pending pensioners who today amount to 78 million euros, while two years ago they were close to 700 million euros. This progress did not happen, it succeeded! And it is the result of the important work done by the EFKA employees as well as the result of a series of policies, tools and digital infrastructures that we have implemented recently and which are now bearing fruit. Every day we are getting closer to our main goal of a full clearing of overdue main pensions by the end of the summer.”