Indebted retirees wary of options for applying for a pension

Benefit. Around 800,000 pensioners who owed to having a higher wage than others received too small an summation oregon nary astatine each this year will beryllium the beneficiaries of the one-off ‘personal difference’ allowance granted earlier Easter. The measure, to outgo 300 cardinal euros, will apt beryllium announced by Prime Minister Kyriakos Mitsotakis connected Tuesday.

Despite the visible hazard of thousands of pensioners being trapped successful indebtedness and near without a pension, the proviso of Law 5078, which was passed successful 2023 and allows for the anticipation of receiving a pension, but under strict conditions, such arsenic the lifting of banking secrecy, is faring poorly.

Although the archetypal appraisal of the Ministry of Labor, earlier the instrumentality was passed, was that thousands of prospective pensioners would unreserved to articulation the caller framework, authoritative information shows constricted participation.

Kathimerini understands that, so far, lone 7,738 requests for inclusion successful the regularisation person been submitted. Of these, 4,157 were approved, 1,967 are pending and 1,614 were rejected.

The information item the reluctance of galore debtors to judge the terms of the arrangement, but they besides exemplify a very important occupation looming ahead: the instauration of a procreation of unemployed people, drowning successful debt, who will not beryllium capable to person a pension.

Consent to the lifting of banking secrecy is simply a prerequisite for joining the arrangement. The insured idiosyncratic gives support electronically when submitting the status application.

Through this procedure, EFKA checks the magnitude of the campaigner pensioner’s deposits successful bid to certify their existent quality to repay. If their deposits transcend €12,000, the close to a pension is automatically lost.

There are different conditions, too.

More specifically, the instrumentality stipulates that the total magnitude of debts indispensable not transcend €30,000 (or €10,000 for farmers).

In lawsuit of higher debts, a lump sum repayment of the excess magnitude is required within two months.