When and how 50,000 parallel insurance pensions are unblocked

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By Dimitris Katsaganis

E-EFKA aims to “thaw” close to 50,000 outstanding parallel insurance pensions from next month.

Secure information of Capital.gr from competent executives of the funds states that in February those technical conditions are expected to have been fulfilled in e-EFKA (that is, the appropriate software will have been installed), in order to give the increase of the pension – together with the retrospectives to those pensioners with parallel insurance who have received only the first one so far.

The same sources state that these retirees belong to two main categories:

– The first includes insured persons of the former IKA with parallel insurance in the former OAEE.

– In the second, especially self-employed doctors and engineers (insurance in the former EBRD) with parallel insurance in the State.

These retirees have received their first pension from the former IKA or the former EBRD respectively, but have not received the increase of the pension from the former OAEE and the State.

These outstanding increases in the pensions of the insured, in the meantime most of them have received their first pension, “run” from May 2016 onwards, depending on the time of submission of the relevant pension.

However, as these benefits apply to those retirees who have received their first pension from their (first or “basic”) fund (the IKA or the EBRD in this case) they are not counted among the pending retirement applications, which are displayed every month by the reports of the “Atlas” system, as noted by the same executives in Capital.gr.

However, these 50,000 pending applications of the co-insured for their second pension are proportionally a significant pending of the funds, if one considers that the pending applications (ie those concerning retirees who have not received any final pension from any fund) amount to 83,090 overdue retirement applications and their repayment cost at 278 million euros.

This means that the outstanding applications for parallel pension are an “invisible”, but significant debt of the funds to the insured.

For example, even if he is a pensioner of IKA and OAEE, he has received a pension only from IKA. OAEE is entitled to an increase on the pension of 200 euros / month and must receive it from February 2018. If he received this increase in February 2022, he would take the retroactive 4 years (or 48 months), ie an amount of 9,800 euros (48 euros X 200 euros).

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Source From: Capital

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