The new digital platform is initially open for those who already work and are insured – compulsory or optional – in the supplementary insurance of the e-EFKA and wish to transfer it to TEKA
Another important step is being taken for the implementation of the new supplementary capitalization insurance, since, as of today, those already insured in the subsidiary sector of the e-EFKA also acquire the right to be included in the supplementary insurance of the Fund of Auxiliary Capitalization Insurance (TEKA), as long as they were born from 01 /01/1987 onwards.
With their application at the address be.teka.gov.gr, they can join the capitalization system and change insurance provider, now subject to TEKA, instead of e-EFKA. The specific category of insured can exercise their right to be covered by TEKA insurance until 12/31/2023.
It is recalled that, by law 4826/2021, TEKA (teka.gov.gr) was established, which aims to grant an auxiliary pension by applying the capitalization system of predetermined contributions.
As the Ministry of Labor and Social Affairs states in its announcement, the TEKA, which is gradually going to replace the existing supplementary insurance of the e-EFKA (formerly ETEAEP), within its first year of operation, has experienced an unexpected success, since, at the end of 2022, its insured have exceeded 150,000, far exceeding initial forecasts.
The new digital platform be.teka.gov.gr is initially opened for those who already work and are insured – compulsory or optional – in the supplementary insurance of e-EFKA and wish to transfer it to TEKA.
From March 2023, TEKA’s online services will provide the possibility of subscribing to TEKA’s supplementary insurance and to insured persons employed in sectors where, until now, there was no obligation to subsume the supplementary insurance (e.g. self-employed, farmers, self-employed health workers, etc.). The right to join TEKA in this case is preserved until they reach the age of 35.
The Minister of Labor and Social Affairs, Kostis Hatzidakis, said: “The new Supplementary Insurance Fund for young people is constantly being developed and, from the New Year 2023, young people and young women up to 35 years old who are already working. In this way, we enable new insureds and new workers to have control over their pension. Their money does not go into a large corvan managed by the state, but there is an individual account, where the insured person can see how their savings are developing in relation to their supplementary pension.
For his part, the Deputy Minister of Labor and Social Affairs, Panos Tsakloglou, underlined: “From 1/1/2023, all those who are already working, already have an obligation of supplementary insurance and are under 35 years old can join TEKA. Their age is the passport for the transfer of their supplementary insurance insurance rights to the new Fund. TEKA has successfully completed a year of operation, standing on solid foundations, with modern administrative concepts, operational operational procedures and modern information systems, without the entanglements and distortions of the past. TEKA is constantly evolving and we aspire to grow more and more. Already, in its registers, during its first year of operation, approximately 150,000 insured persons and 65,000 employers are included. Principles of good governance are applied and best practices are adopted, with the aim of strengthening the climate of trust and the mutual commitment between the Fund and its insured”.
The General Secretary of Social Insurance, Paulina Karasiotou, noted: “One year and 150,000 new insureds later, we are implementing another step in the new supplementary insurance. From the New Year, young people up to 35 who are working can change their supplementary insurance by switching to the capitalization system and obtaining their individual account. 2022 was the year we laid the foundations of TEKA, 2023 is the year that TEKA matures and expands and will be followed, within 2023, by the development of the basic investment product, respecting our commitments and the schedule, which we have previously announced” .
The chairman of TEKA’s Board of Directors, Nikolaos Tessaromatis, emphasized: “TEKA begins the year by giving young people up to 35 years of age who are already working, the opportunity to create their individual pension fund. Structured on the basis of the international practice and experience of pioneering first-pillar capitalization organizations, TEKA provides the new generation with the opportunity to participate in a new, but internationally tested, pension institution, which aspires to contribute to ensuring a satisfactory standard of living for retirees”.
What insured persons and employers need to know
As the Ministry of Labor and Social Affairs points out, the process of changing an auxiliary insurance provider is easy and requires only a few clicks. To complete the relevant application, employees in both the private and public sectors must know the Employer Registration Number (EM), which is available from the financial services of their employer. In addition, they must ensure that the employer is informed about the change of supplementary insurance provider.
Accordingly, the self-employed with an obligation of supplementary insurance must know their Activity Code (KAD), as declared in the AADE. Also, they will henceforth receive a separate notification for the obligation to pay contributions to TEKA.
In case of exercising a parallel activity, the declaration of the salaried activity and the AME are sufficient.
Upon final submission of the relevant application, employers are automatically notified at the electronic address they have registered in the Employers’ Registry.
The activation of the change of carrier takes place the month following the application, in order to provide sufficient time for employers to record the change of insurance on the employee’s record and to start submitting a separate APD TEKA.
The carrier change is done only once and cannot be revoked. If the insured choose the transition, then for the rest of their working and insurance life, they will fall under the supplementary insurance branch of TEKA, instead of e-EFKA.
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
