Terms of voluntary exit at Attica Bank

By Leonidas Stergiou

With the aim of reducing the staff from the network and the administrative services by 150 people, Attica Bank starts a new voluntary exit program tomorrow. Employees with at least 5 years of service until the end of 2021 can take part in the program. Exceptions are stores for more than 4 people (Heraklion, Chania, Kalamata, Patras, Agrinio, Veria, Serres, Komotini, Kavala, Thermi, Larissa, Lamia, Central, University, N. Erythrea, Piraeus) where everyone can participate.

The ceiling is set at 190,000, but under certain conditions it can reach 210,000 euros, due to the two additional bonuses related to timely submission of interest and redemption of fictitious years for employees over 55 years old.

The initial compensation results from the provisions of law 3198/1955 and the gross salaries of one year plus 30% (ie 1.3 salaries per year) and from the additional:

– 5% (on the above amount) for the employees in the abolished unit of the Leontos Sofos Branch (Thessaloniki), in all the Directorates of Administration and the supernumerary Branches (more than 4 people) and

5% (of the above amount) for one of the two spouses and

– 3% (above the amount) for ages up to 40 years, 4% for ages 41-50, 5% for 51-55 years, 4% for 56-60 years and 3% for 61 years and over and

– 2 monthly gross salaries for 5 – 10 years of service, 3 monthly gross salaries for 11 – 24 years, 4 for 25 – and more years and

– 5,000 euros in case the application for participation is submitted until 23.3.2022 (theoretically as the first validity period) and

– EUR 15 000 for those who have reached the age of 55 in order to acquire fictitious years or to take out self-insurance, and

– 5,000 euros for each child who is subsidized in payroll and with a maximum of 2 children, ie 10,000 euros.

Additional facilities

1. Retention of retired employees in the current Group Health Insurance Program for 5 to 10 years depending on age and

2. Maintaining the terms of the housing loans of the staff of the Collective Labor Agreements of the Company and the sector.

Source: Capital

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