Pending pensions mount up, complicating fiscal effort

Economy Tags: Pensions
Photo by MacroPolis
Photo by MacroPolis

During the recent annual conference organised by the Confederation of Social Security Workers (POPOPK), its chairman provided an update on the key pension fund figures, which continue to demonstrate a bleak outlook for the Greek social security sector.

The estimated 2016 deficit for the two main pension funds, the Social Security Institute (IKA) and the Freelancer Insurance Organisation (OAEE), stands close to 3 billion euros. The majority (2.16 billion euros) of this stems from IKA and 670 million fr...

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