Tsakloglou on SKAI 100.3: The unexpected success of TEKA

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Referring to retirements, Mr. Tsakloglou emphasized that now the average time for awarding a pension by EFKA is 60 days.

The first year of operation of TEKA, the new Subsidiary Capitalization Insurance Fund, which is mainly aimed at new entrants to the labor market and is gradually going to replace the existing supplementary insurance, was an unexpected success of enormous proportions, the Deputy Minister of Social Security, Panos Tsakloglou, told SKAI .

He noted that according to the ministry’s estimates, 60-65,000 workers were expected to have registered with the Fund within the first year of its operation and by October the registered were already 130,000 and based on the first data they are approaching 142,000 today.

Referring to retirements, Mr. Tsakloglou emphasized that now the average time for awarding a pension by EFKA is 60 days.

Commenting on the Eurogroup’s recent decision to release the final tranche for Greek debt relief, Mr. Tsakloglou stated that he had expected it earlier, shortly after 2014 because even then, as he said, things had turned around very well for Greece.

However, we managed to get into the third memorandum and this process was extended this much, Mr. Tsakloglou added.

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